Nigerian Mobile Payment Company Hits N1.5 trillion in Transaction 7 Years Later

 Mobile payment company, Paga has hit N1.5 trillion in transaction 7 years after it came on stream in Nigeria. It attained this figure after facilitating 87 million transactions through its over 13 million users across all the 36 states in Nigeria. Paga's founder, Tayo Oviosu, has described the leading payments platform’s recent achievement as a landmark. Paga’s success over the years has been largely attributed to its ability to serve the unbanked communities in rural areas in Nigeria. The financial technology firm’s agents, who are more than 22,000, serve as human ATM (Automated Transfer Machine) for the underserved areas, transferring money digitally. Last year, after a $10 million raise, Paga made known it's plans to expand into new global territories and introduce new partnerships and products to the market. In April, the company announced that it had entered into a partnership with WorldRemit, a Global digital money transfer company. The company, which was was officially launched in 2012, was initially founded in 2009.  

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