OPay has won two awards at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, emerging as Digital Bank of the Year and Financial Inclusion Leader of the Year.
The awards were presented on 9 October at the Civic Centre in Lagos, recognising the fintech company’s role in providing digital financial services and widening access to formal banking for Nigerians.
The recognition comes as digital payment platforms continue to serve individuals and businesses seeking convenient ways to transfer money, pay bills and manage everyday transactions. OPay provides these services through mobile applications, USSD, cards, digital wallets and agency banking.
According to Brandspur Brand News, the company serves tens of millions of users and supports more than one million merchants and businesses through its network. Its services are designed to reach customers across different segments, including small business owners and people who face barriers to accessing conventional banking services.
OPay’s Chief Operating Officer and Chief Technology Officer, Dotun Adekunle, said the awards reinforced the company’s focus on providing secure and reliable financial services that deliver value to customers.
He also acknowledged BusinessDay for its continued recognition of achievements in Nigeria’s financial services sector.
The company’s agency network and merchant partnerships form part of its approach to extending digital financial services beyond customers who rely primarily on mobile applications. Through these channels, individuals and businesses can access services such as money transfers, bill payments and merchant transactions.
Established in 2018, OPay offers payment services that include airtime and data purchases, card services and bill payments. The company is licensed by the Central Bank of Nigeria and its deposits are insured by the Nigeria Deposit Insurance Corporation, according to information provided by the firm.
The two awards place further attention on OPay’s position in Nigeria’s digital financial services market, where accessibility, service reliability and customer confidence remain important considerations for consumers and businesses using electronic payment platforms.
