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Friday, July 03, 2020

Opay released an official statement for everyone who uses their platform

OPay is a payment platform developed by Opera Software. The platform enables our users to shop and pay for services and products through their mobile or web browser. OPay is currently available as an Android application and allows fast, easy, and secure payments and money transfers.

Yahui Zhou, CEO of OPay. OPay launched its mobile payment service in August 2018, creating an infrastructure on which the company is now adding new services.

Opera's activity on the continent represents both trends. The Norway-based, Chinese-owned (majority) company founded OPay in 2018 on the popularity of its internet search engine. Opera's web-browser has ranked No. 2 in usage in Africa, after Chrome, the last four years.

OPay made a statement on their official Twitter page today calling it "A Statement From Opay."

On Thursday Opay released an official statement for everyone who uses their platform for business or personal use.

As we all know, Opay has been a very influencial platform for online and offline mobile money services. Opay is the only means where Opera News Hub uses to pay its creators. It is important that you read the statement carefully.

We can confirm that some of our business units including the ride-hailing services, ORide, OCar as well as our logistics services OExpress will be put on pause. This is largely due to the harsh business conditions which have affected many Nigerian companies, including our during this COVID-19 pandemic, the lockdown, and government ban.

Globally, ride-sharing businesses have been heavily impacted by the pandemic. But several months ago, foreseeing this issue, Opay had already taken preemptive steps to restructure our business focus away from rides. It is worthy to note that this final restructuring has minimal impact on Opay as a whole business.

It is important to clarify that ride-sharing had always been only one part, and not a major part of Opay diversified business in Nigeria. In fact, Opay had been investing more and seeing accelerated growth in its commitment to Nigeria's financial and technology inclusion.

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.

From January to April 2020 for example, we witnessed a 44% growth of offline and online transaction value even in the midst of pandemic and lockdown. This is a testament to the high demand for flexible and easy financial services by Nigerians. Opay remains one of the most well-funded and profitable mobile money platform in Nigeria, and we will continue to do more for our customers.

Lastly, Opay will continue to invest in and grow in the eCommerce space, aligning its customer and business eCommerce units which will continue to operate and grow. We believe a financial platform coupled with goods' platform will form the future of Nigeria's technology development.