By Emmanuel Enitan
Digital financial services provider OPay has claimed a 57.4 per cent share of Nigeria’s digital loan disbursements in 2025, highlighting the growing role of fintech platforms in expanding access to credit.
The company’s reported market share points to the increasing use of digital channels for borrowing, as financial technology firms compete to provide faster and more accessible lending services to individuals and small businesses.
The claim comes amid the expansion of Nigeria’s digital finance ecosystem, driven by mobile payments, wider smartphone adoption and demand for convenient financial services.
Digital lending platforms allow eligible customers to access loans through mobile applications, often with automated assessments and disbursement processes. The model has become an alternative for borrowers seeking short-term credit outside traditional bank lending channels.
However, the growth of digital credit has also raised concerns about responsible lending, transparency in loan terms, data privacy and debt recovery practices. Regulators have continued to emphasise consumer protection and compliance among digital lenders operating in the country.
OPay’s reported share, if independently verified, would underscore its position in the digital lending market. However, the claim should be assessed against the methodology used to calculate the figure, including the total value or volume of loans disbursed across the market and the range of providers covered.
The company’s claim was reported by Nairametrics on October 11, 2026.
