Paga, Nigeria’s pioneering Payments and Digital Financial Services Company celebrates her 8th anniversary.
In 2009, Paga set out with a mission to deliver innovative and universal access to financial services for individuals and businesses across Africa.
After getting her full operating license from the Central Bank of Nigeria in November 2011, Paga has been working to make that mission a reality by building a nationwide network of agents, innovating new services, product categories and evolving into the #1 payments solution for Nigerians.
Today, Paga has over 200 employees, 6 million unique customers and over 11,000 authorized agents enabling trade, business and economic growth across Nigeria. Indeed, Paga’s agent network is the largest and most active network of financial services access points in Nigeria.
Individuals, banked or unbanked, can also use Paga to send money to anyone using their phone number, deposit to any bank in Nigeria, pay electricity bills, renew internet subscription, buy airtime and more.
With Paga, businesses can conveniently collect payments from anyone online, in-store, at a Paga agent, or at any bank branch. Businesses can also use Paga Bulk Pay service to disburse funds to anyone.
Highlights of the Nigerian based service since starting out includes winning the Fintech Technology Awards in 2012, Kalahari Mobile Money award for Best Independent Mobile Money Service, investment from Adlevo Capital, Omidyar Network, Acumen Fund and more. Paga launched commercial operations in 2011 and since then the company has processed over 31 million transactions worth more than N412 billion.
“To this day Paga is driven by the mission to make payments easier and deliver financial services to all Nigerians. This has enabled us to constantly push new boundaries and create solutions to truly make life possible for Nigerians. We would like to thank our customers and partners for the success that Paga has achieved in the past 8 years. This milestone is evidence of our commitment to continued innovation and to the future of Digital Financial Services in Nigeria.” said Tayo Oviosu, Founder and CEO of Paga.
Paga continues to innovate and is working closely with banks and other financial institutions to introduce more services that will make it even easier for people to conveniently make payments and get access to financial services.