OPay Gets Recognized by World Economic Forum
OPay, a mobile banking institution, has received recognition from the World Economic Forum (WEF) for its significant contribution to enhancing financial inclusion in Nigeria. The WEF highlighted OPay in a report showcasing Africa’s leadership in digital and mobile banking. The report emphasizes Africa’s leapfrogging to mobile banking, providing access to banking services for millions without conventional bank visits. OPay, known for services like money transfers and bill payments, has utilized cutting-edge technology to reach tens of millions of users, particularly impacting rural and underserved areas
Mobile banking institution OPay has earned recognition from the World Economic Forum for its significant impact on financial inclusion in Nigeria. The WEF, in its recent report titled “Here’s why Africa is the world leader in digital and mobile banking,” highlighted OPay’s pivotal role in leapfrogging to mobile banking, providing crucial services to the unbanked population. According to the report, Africa has become a global trendsetter in digital banking, with services like OPay disrupting the market.
In a statement, OPay expressed its commitment to innovation and customer-centricity. The company has successfully democratized access to vital financial services, including money transfers, bill payments, airtime purchases, and merchant transactions, reaching tens of millions of users across Nigeria. The WEF recognition underscores OPay’s dedication to narrowing the financial inclusion gap and empowering underserved communities.
OPay’s impact has been particularly transformative in rural and underserved areas where traditional banking infrastructure is often lacking. As a licensed and regulated entity by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation, OPay has positioned itself as a leading force in financial technology. The company’s ascent in the financial inclusion landscape reflects its commitment to leveraging cutting-edge technology to drive positive change in Nigeria’s financial sector.