In News by Oluwaseun Samuel on the 02nd, July, 2020

OPay Shuts Down ORide, OCar, OExpress

OPay Shuts Down ORide, OCar, OExpress



OPay Nigeria has put a maintain on three of its models – ride-hailing providers, ORide and OCar, and logistics service OExpress.


The fee firm mentioned harsh enterprise circumstances within the nation, the ban on the operations of the industrial bikes, and the lockdown induced by COVID-19 pandemic badly impacted its companies.


“Globally, ride-sharing companies have been closely impacted by the pandemic,” the corporate mentioned in a press release on Thursday.

“However a number of months in the past, foreseeing this challenge, OPay had already taken steps to restructure our enterprise focus away from rides.”


OPay mentioned it has invested in and having fun with “accelerated development” and demand for its “offline cellular cash company, and on-line digital fee.”


It mentioned its offline and on-line fee operations grew by 44% within the first 4 months of 2020.


A senior official of the corporate additionally advised The Guardian on the cellphone that the e-commerce platform – OMall – will even not be suspended.




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