Business Latest

OPay introduces USSD Services to facilitate offline banking. Profit mindset or users ease?

OPay introduces USSD Services to facilitate offline banking. Profit mindset or users ease?

The Chinese financial service firm, Opay, on Wednesday announced its launch of USSD service to enhance service delivery.

The mobile payment startup made the announcement through its twitter handle @opay_ng with the claim to run a financial inclusive service.

The new USSD feature will enable users to make transactions without the necessity of internet facilities.

Read also: ARM, Ventures Platform to invest $20, 000 in fintech startups

While this is coming as an advancement to the quality of service rendered by the financial service firm, the development passes as another electronic leverage to scoop in profit as a business entity.

Although, a great deal of capital investment must have gone into the integration of the offline USSD feature; critics and business analysts have, however, submitted that the Chinese company is simply harnessing every opportunity to grow its worth and expand its business largesse.

Join the conversation

Opinions

About the author

Ridwan Adelaja

Ridwan Adelaja is a multimedia journalist with a special interest in business news analysis

Do NOT follow this link or you will be banned from the site!