PSV 2028: CBN targets 95% financial inclusion, OPay aligns investments

CBN launched Payment System Vision 2028 targeting 95% financial inclusion by 2028 through mobile money expansion, agent banking, and simplified onboarding. OPay confirmed alignment, citing investments in agent networks and mobile-first services to serve rural/underserved Nigerians facing formal finance barriers. The framework emphasizes interoperability (ISO 20022), real-time processing, and emerging tech like Open Banking/AI—but stresses innovation must solve real customer problems with responsible governance. Cybersecurity is pivotal: CBN targets fraud losses below 0.0001% of transaction volume to build trust. OPay stresses security investment and financial education as key to adoption. Separately, CBN/NIBSS launched the Non-Resident BVN platform in May 2025, letting diaspora Nigerians obtain BVN remotely without traveling home. This shifts focus from mere account opening to sustainable, secure financial access. With OPay expanding agent networks and tech infrastructure, rural users may see more service points while diaspora face fewer BVN hurdles. Will OPay's agent expansion meaningfully reduce your travel time to financial services, or will persistent network issues undermine new digital services?

SOURCE: https://nairametrics.com/2026/06/25/cbns-psv-2028-opay-backs-push-for-95-financial-inclusion-target/