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OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports.The operations affected include ride-hailing services ORide and OCar, and logistics service OExpress, Bloomberg reports.The government ban happened when Lagos, the government hub of Africas largest econom <a href=https://www.cups-stanley.uk>stanley cup y, banned motorbike passenger service in January, according to director of marketing Osagie Alonge, Bloomberg reported. He said the bulk of drivers were hit by that ban months ago, before the pandemic.OPay is backed by SoftBank and Chinas Meituan Dianping.However, the company stanley cup is relatively nonplussed about the decision, as its Nigerian operation was a negligible portion of the companys overall business model. During the pandemic, we have seen continued demand for our offline mobile money agency, and online digital payment, which remain core of our business, the company said in a statement, according to Bloomberg.OPay entered the Nigerian market in June of 2019. Later that year, the company raised $120 million and expanded services to Ghana, South Africa and Kenya, Bloomberg reported.OPay was formed a year earlier than that, in 2018, as a w stanley italia ay for mobile customers to send and receive money. The company was founded by Norwegian browser company Opera, which also operates ORide and OFood, a restaurant delivery service.The Central Bank of Nigeria has been looking to license more payment providers, PYMNT Cvwg Surecomp, BIDV Partner to Meet Demand for Trade Finance in Vietnam
It had been known since the summer of 2013 that The European Parliaments Economic and Monetary Affairs ECON Committee would vote to introduce a cap on multilateral interchange fees MIFs for credit and debit card payments. In a controversial move, the ECON Committee decided <a href=https://www.stanleycup.fr>stanley cup to extend the scope to cover that of commercial cards as well.聽 The hardline approach to a highly criticized sector that has been called anticompetitive and costly by retailers and consumer groups, will limit interchange fees to .3% of the value of a credit-card transaction and 0.2% or 聽鈧?.07, whichever is lower, for a debit card transaction.Visa Europe and MasterCard, together, control more than 95% of the credit and debit market in Europe, report that the caps will hurt both businesses and consumers as banks will resort to other ways to make up for lost fee stanley hrnek s. Before the vote, MasterCard called on Members of the European Parliament to not include commercial cards in the legislation on interchange fees for electronic payments.According to the Head of MasterCard Commercial Products Europe, Andrew Buckley, Treating commercial cards in the same way as consumer cards is like treating a family car in the same way as a commercial truck. Commercial cards were not included in the original proposals for good reasons. They differ significantly from consumer cards in purpose and usage, and bring huge benefits to small businesses. Copy-pasting proposals designed for consumer cards would drive t stanley quencher he cost of commercia

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