CBN honours OPay with financial inclusion award

The Central Bank of Nigeria (CBN) has honoured OPay with the prestigious International Financial Inclusion Conference (IFIC) Award for Financial Inclusion Innovation.

The award was presented at the 2024 IFIC, a flagship event that convened global thought leaders, regulators, and industry stakeholders to strategise on accelerating financial inclusion across Africa and beyond.

The award reinforces OPay’s compliance with regulatory standards and its pivotal role in advancing Nigeria’s financial inclusion goals, aligning with the CBN’s mission to achieve a 95 per cent financial inclusion rate.

Through close collaboration with the apex bank and other regulatory bodies, OPay has delivered secure, innovative, and accessible digital financial services to millions of Nigerians, overcoming barriers that have long hindered inclusion efforts.

The award selection process was a comprehensive one which assessed key metrics such as regulatory adherence, technological innovation, customer impact, and contributions to advancing the CBN’s financial inclusion goals.

OPay won the Financial Inclusion Innovation Award, standing out among a competitive pool of financial industry players for its exemplary performance in delivering secure, accessible, and innovative financial solutions.

At the core of OPay’s success is its unwavering commitment to security and regulatory alignment. Its robust platform ensures safe transactions, fostering trust and confidence among users.

“This recognition by the CBN highlights OPay’s dedication to providing innovative, compliant, and inclusive financial solutions,” OPay Chief Executive Officer (CEO), Dauda Gotring, said.

The IFIC Conference provided a platform to address pressing issues in Nigeria’s financial inclusion landscape, including expanding access to financial services, enhancing digital literacy, and strengthening collaboration between regulators and private sector players like OPay.

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