Nigeria’s Paga Is Succeeding Where Others Mobile Money Providers Failed

Tuesday, August 30, 2016

Paga, the biggest  mobile money service provider in Nigeria, plans to increase its agents across the nation to 30,000 by 2018 as it seeks to become the county’s largest mobile financial access points across Africa’s most populous nation. The mobile money services provider, which was founded in 2012, currently has 10,104 agents in 35 states across Nigeria, with 3,000 in the commercial city of Lagos.

Increasing the agent numbers is one of the major ways through which the mobile money provider is using in efforts to become the industry giant.

“The big message is that we want to focus people’s minds on Paga as a payment platform,” Balancing-act-africa quoted Tayo Oviosu, Chief Executive Officer and Founder of Paga.

Paga recently signed a deal with Nigerian Postal Service to have its agents in every postal office across the nation. The deal is part of reducing the nation’s huge population that has no access to banking services through tapping into the vast population with access to mobile phones.

Source: AFK Insider (link opens in a new window)

financial inclusion, fintech