OPay Suspends Three Business Units

July 2, 2020
56 Views

OPay Nigeria has announced plans to  halt some of its business units as the impact of the coronavirus pandemic hit harder on global economies and businesses.

In a statement made available on its twitter handle the compny said the affected units will include; the ride-hailing services, ORide and OCar, and logistics service OExpress.

It explained that the harsh business conditions in the country, the ban on the operations of the commercial motorcycles, and the lockdown induced by COVID-19 pandemic badly impacted its businesses.

According to OPay,  ride-sharing businesses have been heavily impacted by the pandemic,” the company said in a statement on Thursday.

“But several months ago, foreseeing this issue, OPay had already taken steps to restructure our business focus away from rides.”

OPay said it has invested in and enjoying “accelerated growth” and demand for its “offline mobile money agency, and online digital payment.”

The company however made known its intention to focus on the offline and online payment operations which it noted had grown by 44% in the first four months of 2020.

You may be interested

Policeman kills colleague in Calabar
Crime
9 views
Crime
9 views

Policeman kills colleague in Calabar

Webby - January 20, 2022

The late officer Spread the love A tragedy has taken place at a police station in Calabar, Cross River state…

“Now that you have won N1b, remember us who are not insulting you”, Shehu Sani tells Nnamdi Kanu
News
10 views
News
10 views

“Now that you have won N1b, remember us who are not insulting you”, Shehu Sani tells Nnamdi Kanu

Webby - January 20, 2022

His Excellency, The Former Senator Representing Kaduna, Comrade Shehu Sani made this statement on his Facebook page after the hearing…

Ex-Lagos Governor, Ambode, breaks silence
News
5 views
News
5 views

Ex-Lagos Governor, Ambode, breaks silence

Webby - January 20, 2022

Former Lagos State Governor, Mr. Akinwunmi Ambode, has spoken out after a long period of silence. Mr Ambode wrote on…

Leave a Comment

Your email address will not be published.