Opay, an Opera owned Africa-focused fintech firm, has announced the launching of its car-hailing service called ‘Ocar’ in Nigeria.
The emergence of OCar is said to bring direct competition with the already established players like Uber and Bolt in the car-hailing services.
The announcement was made via tweeter a day after OPay had secured $120 million Series B investment from Chinese investors including Source Code Capital, IDG Capital, Sequoia China Softbank Asia, Meituan-Dianping, GaoRong, BAI, GSR Ventures, and Redpoint.
OCar is currently available in Lagos, Owerri, Port Harcourt, Abuja, Benin, Kaduna, Abeokuta, and Ibadan but only Lagos has been activated. This can be accessed on Opay’s super app.
To draw high patronage, OPay is offering massive discounts to its prospective OCar customers. For a token of 200 naira, customers can go anywhere in the aforementioned cities.
According to OPay, the turn out of the new investment in Nigeria will make the firm to expand its payment products to South Africa, Kenya, and Ghana in the coming days.
OPay prides itself as a super app that offers almost every day services that the average Nigerian needs. These services include ORide-its ride-hailing, OFood-it’s food services, Olist-its classified platform, loans and subscription services, airtime purchase among others.