Paga - Send Money, Pay Bills, Receive Payments - Easy, Quick and Secure
November 2015

Marrakesh, Morocco− Paga, the mobile payments service founded in 2009 to address the growing challenges around viable payments options in Nigeria, has been announced winner of the "Outstanding Growing Business" category at the 2015 Africa Awards for Entrepreneurship (AAE).

October 2015

Lagos, Nigeria − Paga, Nigeria's leading mobile payment company today announced the completion of a $13m Series B financing led by Adlevo Capital. Other Institutional Investors in this round include Omidyar Network, Goodwell West Africa (managed by Alitheia Capital), Acumen Fund, and Capricorn Investment Group. Also joining the list of individual investors in Paga is Jeremy Stoppelman, co-Founder and CEO of Yelp and one of the early team members at PayPal.

October 2014

Lagos, Nigeria− Tayo Oviosu, Founder and CEO of Paga, has been announced as the "Entrepreneur of the Year" (West Africa) 2014, at the recent CNBC Africa All Africa Business Leaders Awards.

October 2014

Lagos, Nigeria− Paga, the #1 mobile payments service in Nigeria, today formally announced the launch of its new business focused service line − Paga for Business. Suitable for large to small businesses, Paga For Business is a one−stop−shop solution for any business looking for a smart way to collect payments from its customers in person, online, or remotely from anywhere in the world. The solution also allows businesses to disburse cash to any phone number or bank account and to disburse airtime to any phone number in real−time.

September 2014

Lagos, Nigeria − October 2014 − Paga, Nigeria's leading mobile payments service has been selected to participate in the Girl Effect Accelerator, the world's first global accelerator dedicated to benefiting girls in poverty. The program is being launched as a partnership between. The Nike Foundation and Unreasonable Group. Beginning on October 31st, just outside of San Francisco, this exclusive 2−week program will bring together 10 companies from across the world positioned to impact the lives of millions of adolescent girls living in poverty with world−class mentors, strategic financing, and access to a global network of support.

June 2014

Lagos, Nigeria− Tayo Oviosu, Founder and CEO of Paga, has been announced as the "Entrepreneur of the Year" (West Africa) 2014, at the recent CNBC Africa All Africa Business Leaders Awards.

April 2014

Lagos, Nigeria − As Paga, Nigeria's leading Mobile Payments service celebrates its 5th anniversary, founder & CEO Tayo Oviosu made the announcement that the company had acquired a new private investor − former Chairman of Goldman Sachs Asset Management and Chief Economist, Jim O'Neill.

March 2014

New Relationship Gives More than 1.2 Million Paga Subscribers Access to Western Union Services

December 2013

Lagos, Nigeria − Paga, Nigeria's number 1 way to pay and get paid today announced it was now available to 16 million Etisalat customers on their SIM cards through Etisalat Easy Wallet.

November 2013

Lagos, Nigeria −Today, Paga announced it has reached one million users ! This achievement is a historic one as Paga is the first mobile payment company in Nigeria to achieve the one million user milestone.

November 2013

Lagos, Nigeria −Today, Paga Nigeria's #1 mobile payment service announced its partnership with Nigeria's largest online retailer, Jumia.


Lagos, Nigeria −Paga, the #1 mobile payments company in the country announced its partnership with Nigeria's leading online bus ticket pre-booking engine − to provide alternative ticket payment channels.


Lagos, Nigeria − Paga, the market leader in mobile payments and branchless financial services today announced its latest service offering towards providing Nigerians with access to their cash anywhere, anytime − 'Deposit to Bank'

May, 2013

Lagos, Nigeria − Paga, Nigeria's #1 mobile payments company and Medplus, a market leader in the Nigerian health and beauty service industry, today announced a strategic alliance, which will see both organisations combining the scale and reach of their respective business lines to provide consumers with unprecedented access to all Paga services and cashless payment options at all Medplus locations nationwide.

April 25, 2013

Lagos, Nigeria − Today, Paga, the #1 mobile payments service in Nigeria, celebrates its 4th year of providing an efficient payment system and financial access to all Nigerians.

February, 2013

Lagos, Nigeria − Paga, Nigeria's #1 mobile payments company today announced its partnership with biNu, a leading global mobile social platform dedicated to overcoming the digital divide by providing fast and low−cost access to mobile internet services, such as Facebook, Twitter, and more than 100 other channels, to any mobile phone.

February 19, 2013

Lagos, Nigeria − Today, Paga, Nigeria's leading money transfer service, announced it was shortlisted by the Financial Times and ArcelorMittal for its "Boldness in Business" Awards 2013 in the Technology category. The Financial Times is one of the worlds leading business newspapers based in the United Kingdom and ArcelorMittal is the worlds largest steel company.

July 2, 2012

Paga, Nigeria’s leading money transfer service launched in February 2011, today announced it has secured new investments from Adlevo Capital, Omidyar Network, Acumen Fund, Capricorn Investment Group, and current investors Goodwell West Africa Microfinance Development Company.

May 30, 2012

LAGOS, NIGERIA − GTBank‘s Ndani TV kicks off its Young CEO series with an interview with Paga CEO, Tayo Oviosu. Mr. Oviosu shares his inspiration behind founding Paga and the challenges and rewards of starting and running a business in Nigeria. Powered by GTBank, Ndani TV‘s Young CEO series showcases young African entrepreneurs to a global audience and Mr. Oviosu is honoured to lead the way in this promising series.

May 30, 2012

Paga founder and CEO, Tayo Oviosu, featured in the London Financial Times

LAGOS, NIGERIA − Paga Founder & CEO Tayo Oviosu was featured in the Financial Times‘ May 22nd print edition.  Mr. Oviosu was featured as part of the FT‘s ongoing series highlighting successful entrepreneurs. Mr. Oviosu‘s feature is a testament to the great strides Paga is making in the industry and establishing itself as the market leader.

March 8, 2012

Lagos, Nigeria − Today, Paga, an innovative financial services platform, announces a US$2 million grant from EFInA to develop and deliver low cost financial products through Paga's nationwide agent network. EFInA is an independent, professional and non−profit organization funded by the Bill & Melinda Gates Foundation and the United Kingdom Department for International Development (DFID). The organization was set up in late 2007 with a purpose to promote pro-poor financial sector development and financial inclusion in Nigeria.

January 5, 2012

Lagos, January 5th - Today, Paga, an innovative financial services platform has unveiled a new way for customers to transfer money to any Nigerian by using a MasterCard, Verve or Interswitch debit card.

Paga is the easiest to use money transfer service in Nigeria, launched in February 2011 and regulated by the Central Bank of Nigeria. The company's initial set of products are delivered to meet critical needs of the Nigerian public: ability to transfer money fast and reliably to anyone, pay bills, top-up airtime or pay merchants safely. Paga delivers these services via a nationwide network of agents, the mobile phone, and internet.

October 18, 2011

Lagos, Nigeria - Paga, an innovative financial services company has been selected by Diamond Bank to deliver branchless financial services to their customers.

Through the partnership Diamond Bank customers will be able to link their bank accounts to their Paga accounts - permitting them to perform transactions on Paga directly from their bank account. Customers will be able to perform a variety of transactions including money transfers and bill payments. Over time Diamond Bank will leverage Paga's agent network to offer its banking products to the un-banked.

September 05, 2011

Lagos, Nigeria - With the issuance of its full operating license from the Central Bank of Nigeria ("CBN"), Paga, an innovative financial services platform is now set to offer all Nigerians an easy-to-use and secure money transfer service. Paga enables Nigerians to transfer money to anyone via their mobile phone or Internet connected device, or by visiting any retail agent in Paga's nationwide network.

Sep 28, 2010

On Thursday September 23rd we launched the pilot of our mobile payments service, Paga. Paga is ready to launch nationwide once regulatory approvals are issued by the Central Bank of Nigeria. In preparation for our nationwide launch, we kicked off a closed loop pilot in Lagos. This pilot gives early access to a group of individuals who will give us valuable feedback on the platform and service.

Aug 27, 2010

The Entrepreneurs Ecosystem is a new organisation in Nigeria created to foster an enabling environment for entrepreneurs in Nigeria. The Ecosystem was created by Alitheia Capital to “improve the chances of survival and maximize the potential of small and medium enterprises (SMEs) in Nigeria.“

Events are held through the year in various parts of the country. These events will range from small group morning coffee sessions, to training events, and an annual conference.

Aug 20, 2010

Tech4Africa is a new conference about web, mobile, and emerging technology in Africa. The inaugural conference was held August 12th–13th in Johannesburg, South Africa. Pagatect‘s CEO, Tayo Oviosu, was invited to speak on a panel on “Unlocking Mobile Payment”.

May 06, 2010

Pagatech's CEO, Tayo Oviosu, was on a panel discussing Mobile Money and impact to retail banking

May 05, 2010

The Pagatech Management was recently interviewed by Mobile Money Africa Magazine.

Mar 12, 2010

Brief notes on the adoption drivers of mobile money by Paul Leishman of GSMA that we think are worth a read.

Mar 10, 2010

New technologies go through a hype cycle. In lay mans terms this means there are various stages in the introduction of a new technology and its wide acceptance and actual value to society. Typically it starts out with inflated expectations and when those expectations are not immediately met there is dissolution, but usually (and we stress usually), the technology offering comes out of this and becomes valuable to society. Jim Rosenberg of CGAP penned down his thoughts on the hype cycle for mobile banking post the 2009 Mobile Money Summit.

Mar 10, 2010

The G-20 has recently issued a communiqué placing a policy priority on financial inclusion. This was done after the third Global Leadership Seminar for high-level policymakers and regulators who set policy for branchless banking, including mobile banking.

Mar 10, 2010

We‘ve been following CGAP for over a year now and I must say this is probably one of our favourite blog postings from them. As with most articles on mobile money the focus is around mobile operator led services – though for once we get an admission into why – the GSM Association (GSMA) which is the industry group representing mobile network operators has been the primary driving force in raising awareness for mobile money globally. This one knock aside, there are still many great insights in this article, two salient ones are:

Mar 10, 2010

The October 2008 edition of Africa Renewal Magazine asked some questions we think all Africans should seriously ponder –

“What if wealthy Africans decided to invest their earnings in Africa instead of overseas? And if the 80% of Africans now without bank accounts got access to formal financial services? And if African governments put their domestic revenues into productive investments?”