Paga cel­e­brates ninth an­niver­sary in pay­ment space

The Guardian (Nigeria) - - BUSINESS - By Wole Oye­bade (with agency re­port)

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.

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