OPay says it has surpassed 45 million users and now supports more than one million merchants and businesses across Nigeria, underscoring the rapid growth of digital payments and agency banking services in the country.
The fintech company, which launched operations in Nigeria in 2018, has emerged as one of the major players driving financial inclusion and Nigeria’s transition toward a cashless economy.
Across markets, transport hubs, roadside kiosks, and neighbourhood stores nationwide, OPay’s green Point-of-Sale (PoS) terminals have become increasingly visible as millions of Nigerians rely on digital platforms for transfers, bill payments, withdrawals, and everyday financial transactions.
The company’s expansion reflects the growing adoption of fintech services among underserved populations, small businesses, traders, artisans, and residents of communities with limited access to traditional banking infrastructure.
OPay describes its mission as driving financial inclusion through technology, particularly in emerging markets where access to financial services remains limited.
The company says its digital wallet platform was developed to provide affordable and easy-to-use financial services for unbanked and underbanked populations while supporting Nigeria’s broader cashless policy drive.
Its contribution to financial inclusion has also received regulatory recognition. In 2024, OPay received the Financial Inclusion Innovation Award from the Central Bank of Nigeria (CBN).
OPay’s growth has largely been driven by increasing demand for digital financial services among both individuals and businesses.
On the consumer side, the platform offers transfers, airtime purchases, utility bill payments, debit cards, and savings solutions through mobile technology.
According to company figures, OPay’s monthly active transacting users increased from 25.13 million in 2024 to 39.32 million by the end of 2025.
The company’s merchant-focused ecosystem also provides payment solutions for SMEs, agents, and enterprise operators through PoS terminals, QR payments, online payment systems, and other smart business solutions.
Its merchant network now supports a broad range of businesses including supermarkets, pharmacies, restaurants, transport operators, and neighbourhood retailers.
