ORide might be the ace of OPay’s growing suite of verticals that will help it deliver financial services to the last mile.
In a recent interview, Babatunde Fowler, the Chairman of the Federal Inland Revenue Service (FIRS), disclosed that his agency is considering imposing a new tax specifically for e-commerce.
The new features from PiggyVest and CowryWise are designed to help users make transfers to their funds easily; but speculation has been rife about both startups becoming “digital banks”. In reality, neither company has any plans to become a bank at the moment.
A subsidiary of MTN Nigeria, Yello Digital Financial Services (YDFS), has secured a licence from the Central Bank of Nigeria to operate financial services in the country.
A new partnership between Flutterwave and Chinese e-commerce giant Alibaba, has opened up a potential Chinese market of over 1 billion people for African merchants.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.