Paga is one of Nigeria's pioneering and leading mobile money transfer provider. Here are some key facts about their journey so far
- Paga was founded in April 2009 by CEO, Tayo Oviosu and Co-Founder Jay Alabraba.
- We are a team of passionate Africans determined to tackle a critical issue paramount to Africa's development − the availability of financial services to all Africans. We intend to solve these problems by: Delivering efficient payment systems to all Nigerians - business or individual (banked or unbanked). Delivering low cost financial services to the mass market
- Innovation is at the core of everything we do and we have harnessed the potential of mobile technology, our vast agent network and payment switching technology to we offer 4 main services – Money Transfer (to anyone with a mobile phone or any bank account), Bill Payments, and Merchant Payments and Airtime transactions.
- Paga was the first payment service to acquire a full mobile money license to operate from CBN in August 2011.
- With over 847% growth in our 1st full year (2012) of operations, we are the fastest growing mobile payments service in Africa (even faster than M-Pesa with 691% growth in its 1st year).
- At the start of our journey it took us just 761 days to touch the lives of over 500,000 Nigerians. Today we are making life possible for over 3,000,000 users, 3000 businesses using us to pay and get paid and an agent network of over 8500 agents spread across 35 states.
- We have 2 main transaction channels – our online/mobile platforms and our agent network. Users can download our mobile app or go to www.mypaga.com; or they can visit a Paga agent to pay bills, send money, buy airtime and much more.
- Great thing about Paga…you don’t have to be registered to use it. Carry out any transaction online using your debit card or visit any Paga agent.
- Using Paga is pretty fast. It takes less than 3 minutes to carry out ANY transaction on our platform. Bill payments take 1.93 minutes , Deposit to Bank transactions take 2.85 minutes, Money transfer takes 1.4minutes, and airtime top-up takes 1.13mins.