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OPay Has Announced That It Is Shutting Down All Their Business (see why)


OPay’s multi-product program has come to a conclusion!  According to the source, OPay’s bankers delivered a memo in the wee hours of Tuesday to the Nigerian team directing the remaining verticals but responsibilities to shut down operations along with the Chinese expatriate workers to return to China as soon as possible.  

The origin said:-“I shall affirm to you that they are shutting down operations.   “As stated by this source, the Nigerian team has established a group tasked with the recovery of each the ORide bicycles on the road.  

Bear in mind that problem started for the fintech startup the moment the Lagos State Government banned the operations of industrial bicycles on several significant roads in the country.   

Opera initially launched that the OPay mobile money platform in Lagos in 2018 concerning the incidence of its search engine in Africa.  This growth results in a slow and disappointing ending the multi-product and superb program plan that Opera had anticipated would become the holy grail for a profitable online business in Africa’s most populous country.   

Read, 4 Important Lessons Young Entrepreneurs Should Learn From OPay Business Shutdown.

OPay Nigeria has yet to confirm this development at the time of filing this report as efforts to reach them proved abortive.

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Written by Latestori

I'm passionate about life, family, education, and love. I love to write and I'm also a Brand Identity designer. I am currently a dental student with a blog that focuses on beauty, fashion, fitness and more.

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