Leading financial technology company OPay has been awarded ‘Mobile Payment Solutions Provider of the Year’ at the 12th Annual Banks and Other Financial Institutions Awards.

OPay stated that this accolade underscores its ongoing commitment to innovation, customer satisfaction, and leadership in secure digital payment solutions within Nigeria's dynamic fintech landscape.

In a statement released on Monday, OPay remarked, “This recognition further solidifies our unwavering commitment to enhancing security and user experience across our range of financial products and services. With a strong emphasis on safeguarding our users' financial integrity, OPay has developed pioneering security solutions that tackle significant challenges in the digital payments arena.”

The company noted that one of its key innovations is the Large Transaction Shield, which offers an additional layer of security for users engaged in high-value transactions.

“By implementing an extra verification step, this solution reduces the likelihood of errors and unauthorized transfers, providing users with peace of mind. Furthermore, OPay’s NightGuard feature enables users to limit access to their accounts during designated hours, thereby protecting them from potential fraudulent activities during vulnerable overnight times,” the statement added.

OPay has also made notable advancements in accessibility and inclusion by incorporating USSD codes, enabling users to conduct transactions securely without requiring internet access.

The firm emphasized that the capability to execute seamless offline transactions, combined with robust security measures, demonstrates its commitment to making financial services available to all, even in areas with limited internet connectivity.

“We are incredibly proud to be recognised as the ‘Mobile Payment Solutions Provider of the Year. This award and recognition showcase our unwavering commitment to security, innovation, and providing our users with a seamless and safe digital payment experience.

At OPay, we believe that providing secure and accessible financial solutions is essential to advancing financial inclusion and empowering individuals and businesses alike,” said Chief Operating Officer at OPay, Dotun Adekunle,

As a licensed and insured financial institution under the regulation of the Central Bank of Nigeria and backed by the Nigeria Deposit Insurance Corporation, OPay consistently meets and exceeds rigorous standards of security and compliance while broadening access to a diverse array of financial services.

OPay’s services streamline financial transactions for millions of users and merchants throughout Nigeria.