OPay, a leading fintech company in Lagos, has denied recent rumors of its shutdown, reassuring customers and merchants of its continued operations. The company’s Chief Operating Officer and Chief Technology Officer, Dotun Adekunle, addressed the concerns during a news conference in Lagos, clarifying that the false information had circulated online. The incident comes amid growing scrutiny of Buy Now, Pay Later (BNPL) services in Nigeria, as young professionals like Ayobami Aduragbemi navigate financial options for purchases such as smartphones. Aduragbemi used a BNPL service to buy a Samsung device, highlighting the increasing popularity of such models among tech-savvy consumers. While OPay’s reassurance aims to restore confidence, the broader debate around BNPL services continues, with critics warning of potential debt traps for users. The company’s response underscores the importance of transparency in the rapidly evolving fintech landscape.