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Financial Inclusion: Paga Records 12,000 Entrepreneurs in her Agent Network

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Paga, Nigeria’s pioneering Payments and Digital Financial Services Company has empowered over12,000 entrepreneurs as of July 2017.

This is officially the strongest and most active agent network in Nigeria. Founded in 2009, with the mission to transform lives by delivering innovative and universal access to financial services in Africa, Paga has grown its Agent network from a small unit of mobile money agents to the largest financial services network in Nigeria; a financial services network larger than all Nigerian bank branches combined.

In 2016, Paga joined the United Nations Development Program (UNDP), Business Call to Action with a pledge to further expand its network of local entrepreneurs to 40,000 across the country.

Paga strives to fulfil this pledge as the leading Agent network for growing and developing successful entrepreneurs and small business owners to make a measurable impact in the communities they serve and beyond.

The network offers convenient locations for customers to send money to anyone, deposit money to any bank account, withdraw money from bank accounts, and pay bills.

“To be Nigeria’s fastest-growing and most active Agent Network is an honour” said Arike Okunowo, General Manager, Paga.

“Watching the network grow over the years has been a fulfilling experience. While it’s growing, our mission remains unchanged – to transform lives by delivering innovative and universal access to financial services. We will continue to grow this network to empower businesses and create immense value for ordinary citizens who are desirous of making payments without hassles”.

The Paga Agent Network has been recognized by the World Bank and International Monetary Fund as the fastest-growing Agent Network for its role in driving financial inclusion in Nigeria. Between 2016 and 2017, the network achieved an impressive 30% growth rate.

The Paga Agent Network in partnership with Lagos State Employment Trust Fund (LSETF) is promoting entrepreneurship and employment growth by providing an accessible loan service to Paga Agents.

In Paga’s effort to drive deeper financial inclusion in Nigeria, it created a shared-agent network with NIPOST, making financial services available at all NIPOST offices.

Businesses; Dangote, Ikeja Electricity, Eko Electricity and 5000 more have leveraged on the strength of the Paga Agent Network in cash disbursement and collections for their businesses.

Paga moves to expand its Agent network to 40,000 across Nigeria by 2018, connecting even more remote and urban areas with financial services while supporting ten thousands of small businesses.

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