Mobile money service provider, OPay, has announced it is suspending some of its Nigerian operations including ride-hailing services – ORide, OCar and OExpress.
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.”
OPay is part of several ride-hailing platforms which have suffered losses due to the ban on tricycles and motorcycles in some parts of Lagos.
“During the pandemic, we have seen continued demand for our offline mobile money agency, and online digital payment, which remain the core of our business,” it said.
The company assured it will continue to grow and invest in the e-commerce space.
