Paga Releases New Money Transfer App
With its newest offering, Paga, one of Nigeria’s leading mobile money company is making it 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 two main functions - send money and request money, a statement from the company explained.
“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?” explained the CEO and Founder, Paga, Tayo Oviosu.
“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,” he added.
According to him, 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#,” the statement added.
Paga, which was founded nine years ago, has remained innovative in its quest to support Nigeria’s financial inclusion journey.
The company recently celebrated crossing the nine million customer mark; a feat achieved barely six months after reaching eight 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 revolutionise 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,” the statement added.