OPay Shuts Down ORide, OCar, OExpress In Nigeria - Business

OPay Shuts Down ORide, OCar, OExpress In Nigeria - Business - Nairaland

Nairaland Forum › Nairaland General › Business › OPay Shuts Down ORide, OCar, OExpress In Nigeria (46631 Views)

OPay Shuts Down ORide, OCar, OExpress In Nigeria by amoreobansu(op): 6:14pm On Jul 02, 2020

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.

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.

The Nigerian team is said to have already set up a team tasked with the recovery of all the ORide motorcycles on the road.

https://www.pmnewsnigeria.com/2020/07/02/opay-shuts-down-oride-ocar-others-in-nigeria/amp/

2 Likes 4 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by GboyegaD(m): 6:28pm On Jul 02, 2020

So many have lost their source of livelihood. May God provide them with much better jobs.

234 Likes 9 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by MrToothBrush: 6:28pm On Jul 02, 2020

Fake news

3 Likes 6 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by majamajic(m): 6:53pm On Jul 02, 2020*

Opay was caught on the crossfire ,

7 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by doggedfighter(f): 7:03pm On Jul 02, 2020*

I really don't know what happened to them.

I was highly optimistic that they will thrive.

11 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by softplace: 7:13pm On Jul 02, 2020

I really knew this would happen

Lalasticlala

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by JOHNSONSOLAFUNMI(m): 7:31pm On Jul 02, 2020*

O- PARI
O- DIGBA
O- SE

151 Likes 3 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by hakeem4(m): 7:31pm On Jul 02, 2020

But just imagine after borrowing millions of dollars to invest in your startup, then the government now makes a policy that would destroy the business.

I wonder what is going on through the mind of the CEO of opay now

207 Likes 5 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by ValCon888: 7:31pm On Jul 02, 2020

I feel sad for these guys. The Lagos state government really strangled their business ideas. It hurts that many Lagosians will lose their source of livelihood because of this.

143 Likes 3 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by sLentlover7778(m): 7:31pm On Jul 02, 2020

Opay you'll be Okay..

You can start Oclean, to make Lagos clean..

grin

124 Likes 4 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by kachi08(m): 7:31pm On Jul 02, 2020

Maybe Nigerians kept on borrowing without repayment....

2 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by 175(m): 7:31pm On Jul 02, 2020

Nawa ooo. Let this shut down not affect Otrike ooo.

I dey use that service like mad when my car dey down

3 Likes 1 Share

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Nobody: 7:32pm On Jul 02, 2020

Shii

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Enoch07: 7:32pm On Jul 02, 2020

this year hard oh

1 Like

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Christophorus(m): 7:32pm On Jul 02, 2020

The chased too many things at a time

45 Likes 2 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Zico5(m): 7:32pm On Jul 02, 2020

Nigeria has gone beyond looking for jobs these days. You must have special training or special ability to survive. What's the purpose of taking up a job that can easily be lost without any plan. We need special vocation or certification to live a decent life here.

37 Likes 2 Shares

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by heendrix(m): 7:32pm On Jul 02, 2020

How about Otrike shocked

This happens when you want to catch every ripe mango on the tree sad

23 Likes 1 Share

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by whytediamond(m): 7:32pm On Jul 02, 2020

Which way 9ja? Which way forward huh

3 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by dadebayo1(m): 7:32pm On Jul 02, 2020

With all the awoof ride they did..... Business in Nigeria is such a tough environment.. Only the rugged survives or smoke screen companies.. It is not easy i must confess... From running cost to high cost of production.... Covid or no covid i knew they will not last in the transportation business....

20 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Andrew13: 7:32pm On Jul 02, 2020

O-God
O-painful
O-f*ck
O-sad
O-perish
O-don't leave me
O-no
O-pari
O-finish angry

27 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Iamikeokwu(m): 7:32pm On Jul 02, 2020

Godfrey Okoye university student we go suffer with out the help of Opay

3 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Ernerstdavid55(m): 7:32pm On Jul 02, 2020

opay pos ko shi she

1 Like 1 Share

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by TheSociopath(m): 7:33pm On Jul 02, 2020

Otipari

8 Likes 1 Share

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by Bsure: 7:33pm On Jul 02, 2020

It is well o

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by joinnow: 7:33pm On Jul 02, 2020

MrToothBrush:
Fake news

Are you serious

I knew when they start to sell their all their obike

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by SarkinYarki: 7:33pm On Jul 02, 2020

The man that said this 'Year go Rugged" must be a prophet

10 Likes

Re: OPay Shuts Down ORide, OCar, OExpress In Nigeria by kenbee(f): 7:33pm On Jul 02, 2020

E do happen

1 2 3 4 5 6 Reply

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