OPay Shuts Down Core Businesses, To Focus On FinTech


Opay, has announced that it would temporarily shut down some of its business units to focus only on financial technology services.

The company, in a press statement, blamed policies by the Lagos State Government which banned commercial motorcycles across the majority of the Lagos metropolitan area and the outbreak of the COVID-19 pandemic.

The business units that have been put on hold by the company include all its ride-hailing platforms such as ORide and OCar, as well as its delivery business OExpress.


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