Nigerian fintech signs strategic partnership with Visa


Lagos-based mobile payments firm Paga has entered into a partnership with Visa.

Paga, which was founded in 2009 by Tayo Oviosu (pictured above), made the announcement in a blog post on Medium today.

The tech company said the strategic partnership with Visa will enable Paga and Visa to work closely in accelerating secure and convenient mobile payments for merchants and consumers in markets where Paga operates.

“This partnership is in line with Visa’s goals to drive alternative payment channels, in this case, mobile wallets, within its global ecosystem,” the tech company said.

Paga’s partnership with Visa will enable the two firms to work closely in accelerating mobile payments for customers

Paga said the partnership has allowed all Paga account holders to have access to Visa credentials such as physical and virtual cards, tied to their Paga accounts and thus the ability to transact anywhere in the world where Visa is accepted.

Paga operates at present in West Africa, and is expanding in Ethiopia and Mexico.

The Ethiopian expansion follows an announcement in January by Paga that it had acquired US-based software development firm Apposit (see this story). Although it is based in the US, Apposit primarily operates from Addis Ababa in Ethiopia.

US tech publication TechCrunch said in an article today that the company had also opened an office in Mexico and will launch its payments products there later this year.

The publication said Paga has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills and buy things digitally through its mobile-app or via its 24 840 agents.

Read more: Nigerian mobile payments firm Paga acquires software development company Apposit

Featured image: Paga founder and CEO Tayo Oviosu (Supplied)



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