This month, Paga is celebrating her 8th anniversary as a pioneering payments and Digital Financial Services company. We thank our customers, team members and partners for their contributions to our continued success.
In 2009, Paga set out with a mission to deliver innovative and universal access to financial services for individuals and businesses across Africa. After getting her full operating license from the Central Bank of Nigeria in November 2011, Paga has been working to make that mission a reality by building a nationwide network of agents, innovating new services, product categories and evolving into the #1 payments solution for Nigerians.
Today, Paga has over 200 employees, 6 million unique customers and over 11,000 authorized agents enabling trade, business and economic growth across Nigeria. Indeed, Paga’s agent network is the largest and most active network of financial services access points in Nigeria. Individuals, banked or unbanked, can also use Paga to send money to anyone using their phone number, deposit to any bank in Nigeria, pay electricity bills, renew internet subscription, buy airtime and more. With Paga, businesses can conveniently collect payments from anyone online, in-store, at a Paga agent, or at any bank branch. Businesses can also use Paga Bulk Pay service to disburse funds to anyone.
Paga launched commercial operations in 2011 and since then we have processed over 31 million transactions worth more than N412 billion.
“To this day Paga is driven by the mission to make payments easier and deliver financial services to all Nigerians. This has enabled us to constantly push new boundaries and create solutions to truly make life possible for Nigerians. We would like to thank our customers and partners for the success that Paga has achieved in the past 8 years. This milestone is evidence of our commitment to continued innovation and to the future of Digital Financial Services in Nigeria.” said Tayo Oviosu, Founder and CEO of Paga.
Paga continues to innovate and is working closely with banks and other financial institutions to introduce more services that will make it even easier for people to conveniently make payments and get access to financial services.
At Paga, one of the many ways we make life possible is empowering people with resilience and self-confidence. Faith Igberase is a married woman, an entrepreneur & owner of Success Delicious popcorn.
Early in 2016, during our #MakingLifePossible contest, Faith wrote to us; “My husband was deported from South Africa and since he returned empty handed have not been able to find a job or anything to do. This situation made life so miserable for us and our little son. But because I have learnt a lot about catering in school, I started a very lucrative popcorn business and started supplying all the itinerant traders in every bus stops and junctions schools, stores and even market women. My family has been feeding on this” Said Faith.
Faith expressed her financial challenges in running her business. However, like most small businesses, Success Delicious Popcorn faced a struggle to overcome its competition. She lost her customers to her competitors because they had a better packaging than her products. Sales dropped and made life hard for her and her family.
“Thanks to Paga for making life so possible for me by supporting my Success Delicious Popcorn business in the just concluded #MakingLifePossible contest. I never believed I could make it to the finalist. I was so surprised and I feel so blessed to have emerged as one of the grand prize winners. They have made my dreams come through as the new rebranded package will be in every store very soon. Expect to see well packaged, delicious and crunchy Success Delicious Popcorn in every mall, stores, market and supermarket in every state of Nigeria and all over the world. Thanks for your support Paga and I will forever remain grateful”. – Faith Igberase
Faith needed N250,000 to enhance Success Delicious popcorn packaging. She received N200,000 from Paga.
The money was used to purchase essential materials for the business branding, which significantly reduced production cost.
Success Delicious Popcorn – Before
We’re proud to have supported Faith and her business in her downtime and now she can focus on making the business profitable.
Today, Paga is making life possible for over 5 million people in diverse ways. We love entrepreneurs and helping people achieve results.