Popular Chinese-owned African fintech startup, OPay, has
announced it is suspending some of its Nigerian operations including ORide,
OCar, and OExpress, excluding its payment operation, Opay.
In a statement on Thursday, the company said it is pausing
some of its operations “due to the harsh business conditions which have
affected many Nigerian companies, including ours, during this COVID-19
pandemic, the lockdown and the government ban.”
According to a statement issued by the company, Opay
attributed the demise of the business units to “the harsh business conditions
which have affected many Nigerian Companies”, the COVID-a9 Pandemic, the
Lockdown, and the Lagos State Government ban on motorcycles.
A Statement From OPay. pic.twitter.com/mjvsKle6yH— OPay (@OPay_NG) July 2, 2020
The decision follows a memo sent by OPay’s investors to the
Nigerian team yesterday directing all other verticals but payments to shut down
operations and all the Chinese expatriate workers to return to China as soon as
possible.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com