OPay, a leading digital bank in Nigeria, secured two top honours at the 14th [BusinessDay](https://businessday.ng) Banks and Other Financial Institutions (BAFI) Awards 2026, being named Digital Bank of the Year and Financial Inclusion Leader of the Year on 9 October 2026 at Lagos' Civic Centre.
**Key details**
- The ceremony recognised OPay’s role in expanding digital financial services for millions of Nigerians.
- The company now serves tens of millions of users and supports over one million merchants and businesses across the country.
- OPay offers services via mobile apps, USSD, cards, wallets and agency banking, targeting underserved communities.
- In a statement, COO and CTO Dotun Adekunle praised BusinessDay’s long‑standing commitment to recognising excellence in the sector, saying, “These awards reaffirm our focus on delivering reliable and secure services that create real value for Nigerians. Our services are Okay, our people are Okay, and OPay is Okay.”
**What awards did OPay receive?**
The dual recognition highlighted the firm’s commitment to providing accessible, reliable, secure and convenient financial solutions through technology, reinforcing its position in Nigeria’s digital financial ecosystem.
**How does OPay support financial inclusion?**
Through a multi‑channel approach—mobile, USSD, cards, wallets and agency banking—OPay lowers barriers for individuals, small businesses and merchants, linking them to formal financial services and encouraging broader participation in the economy.
**What regulatory safeguards are in place?**
OPay operates under a licence from the [Central Bank of Nigeria (CBN)](https://www.cbn.gov.ng) and is insured by the [Nigeria Deposit Insurance Corporation (NDIC)](https://www.ndic.gov.ng), offering the same protection as traditional commercial banks.
The awards build on OPay’s ongoing efforts to broaden digital access, with a nationwide network of agents and merchants that continues to bring more Nigerians into the formal financial system. The company says it remains focused on customer‑first principles, trust building and innovative solutions that simplify everyday financial activities.
**About OPay**
Founded in 2018, OPay aims to make financial services more inclusive via technology. Its portfolio includes money transfers, bill payments, card services, airtime and data purchases, and merchant payments. The platform is known for a fast, reliable network and strong security measures that protect customer funds.