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Paga celebrates ninth anniversary in payment space



Paga is celebrating its ninth anniversary as Nigeria’s first and leading mobile money company, founded by its Chief Executive Officer, Tayo Oviosu.Paga have provided easy means for simple mobile money transfers, bill payments and provision of financial services to over eight million users on their platform through the years.

Since 2009, Paga has created meaningful financial technology that has led the drive for financial inclusion which aims to bank over 70 million unbanked and underbanked Nigerians leveraging its web channels, mobile apps and short code (*242#).

It has also pioneered the mobile money industry objective by creating what is recognized as the single largest shared active agent network in Nigeria with over 14,000 agents.


These agent outlets are widespread across the 36 states of the country and they enable millions of Nigerians to perform simple money transfers and pay bills for life and business.

Notable businesses and organizations like Dangote Foundation, Ikeja Electric, Eko Distribution Company, JAMB, WAEC, UK Immigration, among other companies, have leveraged the reach and impact of Paga to achieve payment collections and bulk disbursements.

Most recently, Paga was named as leading Mobile Money Operator, among the group of MMOs, banks and super agents that have come together to drive the Central Bank of Nigeria’s initiative of the “Shared Agent Network” – to roll out 500,000 Agent Outlets in Nigeria by 2020.

Oviosu said: “I am grateful that Paga is growing very well and having real impact in Nigeria. Our achievements are all down to our wonderful team, agents, investors, and partners. We are on a mission to make it easy for people to send money to each other and to deliver financial services to the over 70m unbanked/underbanked Nigerians.

“I’m very proud of our 14,000 agents, who offer Paga services to their local communities and who are loyal to our mission. I’m especially proud that Paga has led to the creation of at least 10,000 jobs when you count the shopkeepers hired by agents and our own 200 staff.

“I’m very excited about the various offerings on our roadmap in the coming months. A Paga account can be opened by visiting or dialing *242# on any phone network, or at any Paga agent. Banked Nigerians can link ATM cards and bank accounts to Paga — Paga is a companion to bank accounts. For people who do not have a bank account you can access financial services through Paga.”

In this article:
PagaTayo Oviosu.
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