Beyond Transactions: Opay And The Rise Of Nigeria’s New Economic Infrastructure

By Theresa Agunbiade
Nigeria’s financial services story was, for a long time, told through the lens of banks, branches, and transactions. That story has evolved significantly. Payments are no longer viewed as standalone services, they have become a foundational part of the infrastructure that drives commerce, supports businesses, connects communities, and fuels economic growth.
Digital payments now allow tens of millions of Nigerians to send money, settle bills, run businesses, receive salaries, buy goods, and access financial services without ever visiting a bank branch. Technology-driven financial companies have been central to this shift, bringing financial services closer to every...