Opay shuts down other business arms to focus on fintech, e-commerce

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OPay launched by Opera software has announced a shutdown of some of its business units to focus only on financial technology services.

Services on OPay such as ORide, its bike hailing service; OMall, its B2C e-commerce app; OTrade, its B2B e-commerce platform; OExpress, its logistics delivery service; and food, its food delivery service, are part of the services reported shutting down.

An official statement from the official twitter account of OPay revealed: “This is largely due to the harsh business conditions which have affected many Nigerian companies during this COVID-19 pandemic, the lockdown and government ban.”

Lastly, OPay will continue to invest in and grow in the eCommerce space, aligning its customer and business eCommerce units which will continue to operate and grow. We believe a financial platform coupled with goods’ platform will form the future of Nigeria’s technology development.

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Opay shuts down other business arms to focus on fintech, e-commerce - Brand SpurOpay shuts down other business arms to focus on fintech, e-commerce - Brand Spur

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2 COMMENTS

  1. Opay shuts down other business arms to focus on fintech, e-commerce - Brand Spur Opay goes into partnership with WorldRemit to facilitate mobile money transfers for Nigerians | Africa's largest business magazine for the entrepreneur, start-up and small and medium-enterprise (SME). Business news, advice

    […] Lagos-based fintech company, Opay, said it has gone into partnership with WorldRemit. The partnership will see WorldRemit offer […]

  2. […] Lagos-based fintech company, Opay, said it has gone into partnership with WorldRemit. The partnership will see WorldRemit offer […]

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Opay shuts down other business arms to focus on fintech, e-commerce - Brand SpurOpay shuts down other business arms to focus on fintech, e-commerce - Brand Spur

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