AfriGO Card, powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), announced a strategic partnership with OPay on Tuesday. This is a significant development that aims to expand digital payment options across Nigeria.
This partnership will improve financial inclusion, lessen Nigeria’s dependency on foreign currency, and empower local businesses with secure, accessible, and creative payment alternatives.
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Enhancing financial inclusion
AfriGO, Nigeria’s National Domestic Card Scheme, uses cutting-edge technology and a customer-focused strategy to transform the financial sector. AfriGO hopes to promote financial inclusivity, data sovereignty, and economic growth in the country’s card payment ecosystem by offering a local payment card. This partnership with OPay intends to give Nigerians a convenient, efficient, and reliable payment mechanism that supports local economic interests.
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OPay and AfriGO to boost digital payments
The OPay/AfriGO agreement is expected to accelerate digital payment services in Nigeria. Already serving millions of Nigerians, OPay will offer a solid new product to reach even more individuals and businesses, especially those without access to traditional financial services.
Dauda Gotring, MD/CEO of OPay, emphasises, “Our partnership with AfriGO aligns perfectly with our goal of simplifying financial services for every Nigerian.
The OPay/AfriGO card is not just a product; it’s a tool that will enable us to reach more Nigerians, particularly those 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.”
Transforming financial service delivery
The cooperation emphasises financial services accessibility in underprivileged areas. Afrigopay Financial Services Ltd. MD/CEO Ebehijie Momoh said, “This collaboration will transform financial service delivery, especially in underserved areas. Expanding agent networks will support local businesses by offering essential banking services such as deposits, withdrawals, money transfers, and purchases, which will help promote greater financial inclusion.”
In this agreement, merchants and agents can settle transactions in real-time using AfriGO’s Instant Settlement service. Local firms will significantly benefit from this innovation in cash flow, operational efficiency, and transaction risk. With solid technology and liquidity management, the OPay/AfriGO Card strives to make payments easy, secure, and reliable for individuals and companies.
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AfriGO and OPay are changing the financial services sector by encouraging local innovation and developing Nigeria-specific solutions. OPay/AfriGO is expected to increase digital payment usage in Nigeria by offering households and companies a safer, more local alternative to overseas payments.
OPay and AfriGO’s alliance could change Nigeria’s payment systems and the African payment ecosystem. As OPay expands, this cooperation will shape Nigeria’s future digital payments, promoting financial inclusion, local companies, and new opportunities for Nigerians.
Through collaborations like this, OPay is revolutionising Nigeria’s financial environment by providing innovative and inclusive solutions for all Nigerians, especially those excluded from mainstream banking. OPay and AfriGO will empower individuals and companies to power African digital financial services.