OPay Wins BAFI Award, Leads The Future of Secure Payments

OPay was awarded “Mobile Payment Solution Provider of the Year” at BusinessDay’s prestigious 12th Annual Banks and Other Financial Institutions (BAFI) Awards. The award recognizes OPay’s continued innovation, commitment to customer satisfaction, and leadership in secure digital payments in Nigeria’s rapidly evolving fintech ecosystem.

This award reinforces OPay’s relentless commitment to improving security and user experience across its financial products and services OPay has pioneered multiple innovative security solutions that address key challenges in the digital payments space, with a clear focus on protecting the financial integrity of its users. OPay has pioneered several innovative security solutions that address key challenges in the digital payments space with a clear focus on protecting the financial integrity of its customers.

One of OPay’s standout innovations is Large Transaction Shield, which provides an additional layer of protection for users handling high value transactions. By introducing an additional verification step, this solution minimizes the risk of errors and unauthorized transfers, providing users with peace of mind. In addition, OPay’s NightGuard feature allows users to restrict access to their accounts during certain hours, further protecting them from potential fraudulent activity during the vulnerable hours of the night.

OPay has also taken a major step forward in accessibility and inclusion by integrating USSD codes, allowing users to securely trade without the need for an Internet connection. This seamless offline transaction capability, coupled with robust security protocols, demonstrates OPay’s commitment to making financial services available to all, even in areas with limited Internet access.

“We are incredibly proud to be recognized as the ‘Mobile Payment Solutions Provider of the Year,’” said Dotun Adekunle, COO at OPay. “This award and recognition showcases our unwavering commitment to security, innovation, and providing our users with a seamless and safe digital payments experience. At OPay, we believe that “providing secure and accessible financial solutions is essential to advancing financial inclusion and empowering individuals and businesses alike.”

As a licensed financial institution regulated by the Central Bank of Nigeria (CBN) and insured by the Nigerian Deposit Insurance Corporation (NDIC), OPay continues to meet and exceed high standards for security and compliance while expanding access to a wide range of financial services. OPay’s services simplify financial operations for tens of millions of users and merchants across Nigeria.

OPay’s recognition at the BAFI Awards further solidifies its position as a leader in the fintech industry and highlights its pivotal role in shaping the future of secure and innovative financial solutions in Africa.