Opay, AfriGo partner to deepen financial inclusion

In a significant move to enhance the availability of digital payment services to Nigerians, OPay has announced a strategic partnership with AfriGO Card powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of Nigeria Inter-Bank Settlement System (NIBSS).

AfriGO, Nigeria’s National Domestic Card Scheme aims to deepen financial inclusivity, by utilising innovative products, a customer-focused approach and cutting-edge technology.

By reducing the country’s dependency on foreign exchange (FX) for payment transactions and ensuring data sovereignty, AfriGO Card strengthens, empowers local businesses and creates new opportunities within the growing card business ecosystem in Nigeria.

The OPay/AfriGO partnership is to facilitate rapid scaling, while significantly ensuring that secure and convenient payment solutions are available across Nigeria.

“Our partnership with AfriGO aligns perfectly with our goal of simplifying financial services for every Nigerian,” said Dauda Gotring, MD/CEO at OPay.

“The OPay/AfriGO card is not just a product; it’s a powerful tool that will enable us to reach more Nigerians”, particularly those who have been underserved by traditional banking services. This will provide Nigerians with a more affordable payment option, enable instant settlement of transactions, and further promote financial inclusion across the country,” he added.

Managing Director & CEO of Afrigopay Financial Services Ltd. (AFSL), Mrs Ebehijie Momoh, said: “This partnership is set to transform financial service delivery, particularly in underserved areas. Agent networks expand coverage by supporting local businesses and offering key banking services such as purchases, deposits, withdrawals, and money transfers, thus enhancing accessibility and promoting financial inclusion. With AfriGO Instant Settlement service, merchants and agents will benefit from the immediate finalisation of transactions, leading to greater efficiency, improved cash flow, and reduced risk.”