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Bringing Access To Digital Payments

Nigeria's Paga will commence its plans to expand in Ethiopia in 2022, and is also considering developing a crypto-currency product in Africa outside Nigeria, CEO Tayo Oviosu announced.

Modeled after PayPal, Paga is a digital payments platform that has processed $8 billion during the past four years and boasts over 17 million unique users. ⁠The company aims to solve the use of cash and bring access to finance to the developing world.

With a license to operate in Ethiopia and 40 employees on the ground, the company plans to begin operations in Ethiopia in the first half of 2022.

The move comes a little over a year after Paga raised a $18 million series B round and announced its intent to expand globally. The company previously acquired Apposite, an Ethiopian-based software development start-up, and named Adam Abate the CEO of Paga Ethiopia.

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