Opera-backed Opay has announced its launch of OCar, the newest addition to its slew of ride-hailing services in Nigeria. Indeed, the launch of OCar is seen by analysts as a direct threat to the likes of Uber, Bolt and other cab-hailing services.
Meanwhile, the fintech firm already has an arsenal of services occupying verticals. These include food (OFood), bike-hailing (ORide), classified ads (OList), three-wheelers (OTrike) and bus-hailing (OBus). Further, the service will be available for Nigerians in Lagos, Owerri, PH, Abuja, Benin and Abeokuta, among others.
Pricing will follow the same principle that OPay has employed with the ORide and others. Fares may go for as low as N200 for all early birds who sign up to use the service.
Only this week, Opay secured a Series B funding of $120 million from Chinese investors. It said the sum was to help it further sink its feet into the Nigerian market space and expand its services into other African countries like Kenya, among others.