Digital financial services provider OPay has surpassed 45 million users and now supports more than one million merchants and businesses across Nigeria, reinforcing its position as one of the country’s leading fintech platforms.
The milestone highlights the rapid growth of digital payments and agency banking services as millions of Nigerians increasingly rely on technology-driven financial solutions for everyday transactions.
Since launching operations in Nigeria in 2018, OPay has emerged as a major force in promoting financial inclusion and supporting the country’s transition toward a cashless economy. Its signature green Point-of-Sale (PoS) terminals have become a familiar sight in markets, transport hubs, neighbourhood stores, and roadside kiosks nationwide.
OPay says its mission is to expand access to financial services, particularly for underserved and unbanked populations.
The company’s digital wallet platform enables users to perform transfers, pay bills, purchase airtime, save money, and access other financial services through mobile technology.
Its efforts have received regulatory recognition. In 2024, OPay received the Financial Inclusion Innovation Award from the Central Bank of Nigeria for its contribution to expanding access to financial services.
The company’s expansion has been fueled by rising demand for digital financial services among individuals, merchants, and small businesses.
According to company figures:
- Monthly active transacting users increased from 25.13 million in 2024 to 39.32 million by the end of 2025.
- Total users have now surpassed 45 million.
- Annual Gross Transaction Value (GTV) rose from $166.2 billion in 2024 to $358 billion in 2025.
The sharp increase in transaction volumes reflects growing consumer confidence in digital payments and mobile banking solutions.
Beyond retail consumers, OPay has built a vast merchant ecosystem that now supports more than one million businesses nationwide.
Its payment solutions include:
- PoS terminals
- QR-code payments
- Online payment systems
- Agency banking services
- Business management tools
The network serves a broad spectrum of businesses, including supermarkets, pharmacies, restaurants, transport operators, traders, and neighbourhood retailers.
For many Nigerians living in rural and semi-urban communities, access to traditional banking services remains limited due to infrastructure constraints, distance from bank branches, and transaction costs.
OPay’s agent and merchant network has helped bridge this gap by allowing users to withdraw cash, transfer money, pay bills, and access other financial services within their communities.
As digital adoption accelerates nationwide, fintech platforms such as OPay are becoming increasingly central to how Nigerians save, transact, receive payments, and participate in the formal economy.
The latest milestone reflects both the growing acceptance of digital financial services and the continuing transformation of Nigeria’s payments landscape.
