Paga records N14tn transaction value in 15-years

Paga, a payments and financial services provider for Africa has processed financial transactions valued at N14 trillion in the last 15 years of its operation.

Tayo Oviosu, founder and Chief Executive Officer of Paga, disclosed this at a media parley in Lagos recently during the celebration of the firm’s 15 years of operation in Nigeria.

Mr. Oviosu, said out of the N14 trillion value of transactions recorded in 15 years, 80 per cent of the amount was transacted in the last five years.

According to Oviosu, “When we celebrated 10 years of our business five years ago, we had grown our transaction values by seven times, across the three business arms of our operations, which includes; Consumer payments, Platform as-a-services and Super App for retailers.

“This has translated into job creation as we have created over 1,000 direct jobs in Ethiopia and in Nigeria and indirect jobs through our agent network to about 100,000 jobs, this is economic empowerment of Nigerians.

“Our desire is giving people financial freedom and making life possible for them and impacting on our community. We are really proud of our economic achievements and we are making sure that our customers get the best experience.

“We are super excited about what the future holds for our business. Our vision is a world where cash does not exist anymore. We ensure that our customers’ money is safe by complying with the highest global security standards.