Fresh from raising $120 million to scale up operations in Nigeria, Chinese backed startup, OPay, has added another service, OCar, to its already teeming list of services in Nigeria. The startup already has the following on its platform:
- ORide – a bike-hailing service
- OTrike – a tri-cycle hailing service
- OBus – a bus-hailing service
- OWealth – OPay’s investment platform
- OFood – on-demand Food Delivery service
- OList – Classifieds
OCar is set to compete with existing taxi-hailing services like Uber and Bolt. It kicks off this service in Lagos, Owerri, Port Harcourt, Abuja and Benin.
In its usual manner of launching with discounts to attract customers, it has launched with a discount offer of just N200 for every ride.
Adding OCar to its suite of services, OPay is determined to attract and keep its customers on its platform as can be deduced from its recent tweet below.
In the same vein, it recently increased the fee on withdrawals from the OPay wallet from N10 to N45 for the first transaction and 1% flat for subsequent transactions.
It also recently got the Central Bank of Nigeria’s approval to carry out international money transfer in Nigeria.
OPay seems to be intent on fighting for market share from Bolt and Uber since it seems to be more aggressive. From its discounts, plethora of services on OPay and coverage in commercial cities in Nigeria, it could gradually eat into the the duo’s market share.
