Opay blames 'harsh business conditions,' COVID-19 as it closes units

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The payment company said harsh business conditions in the country, the ban on the operations of commercial motorcycles, and the lockdown induced by COVID-19 pandemic badly impacted its businesses. Opay Oride Covid19 Nigeria

OPay Nigeria Thursday said it was putting on hold the operations of three of its units – ride-hailing services, ORide and OCar, and logistics service OExpress.

“Globally, ride-sharing businesses have been heavily impacted by the pandemic,” the company said in a statement on Thursday. OPay said it has invested in and enjoying “accelerated growth” and demand for its “offline mobile money agency, and online digital payment.”A senior official of the company also told The Guardian on the phone that the e-commerce platform – OMall – will also not be suspended.that payment operations are the “backbone” of OPay business in the country.

“We provide opportunities for operators and users in the less formal and informal sector to access the tools, training, skills and finance they need for a better life leveraging the use of mobile phones and technology,” Abasi said.

 

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