Paga Unveils New Money Transfer App

Nigeria’s leading mobile money company is making it even easier to send and receive money for all Nigerians. The app which is now available in both the Android Play and iOS App stores, shrinks the already existing functionalities of the Paga platform and strips it down to 2 main functions – send money and request money. This is a calculated move:

“Paramount for us was the user experience. To get it right we took a step back and removed all the clutter you find in a lot of apps —and chose to focus on two things — send and request money.

“Have you ever found yourself spending time trying to contact someone to get their account number just so you can pay them?

“Or looking for your account number to give someone? Then going through the numerous steps required to complete a payment? Well, no need to ever do that again! Simply pick the person you want to send money to, and do so easily— by phone number or email,” explained CEO & Founder, Tayo Oviosu.

The appeal lies not only in its simplicity, but also in its highly enjoyable user experience – it is the simplest way to access your money from different sources – be it your debit cards or bank accounts, and use from one central wallet. It is easy to use – simply choose a person from your contact list or enter a phone number or email address; and Paga has made it absolutely free! No charges and no fees on any transactions.

The service is not limited to the app – it is available on all platforms, including the online channel and USSD portal *242#.

Paga, which was founded 9 years ago, has continued to lead the charge for financial inclusion in Nigeria. The company recently celebrated crossing the 9 million customer mark; a feat achieved barely 6 months after reaching 8 million, and has processed over $3.6 billion worth of transactions. They have done this through building their agent network, and key collaborations with various financial institutions. Now, they are putting Paga into people’s hands.

“At Paga, we are building an ecosystem that enables people to digitally send and receive money, and creating simple financial access for everyone. We do not seek to be the bank but rather to partner with banks and financial institutions in the markets we operate.”

In line with the likes of Paypal and Venmo, this new offering will revolutionize how Nigerians are interacting with their money, and improve access to digital financial solutions. The company hints at plans to build in more functionalities and services in the future.