Nigerian mobile payments startup, Paga has achieved a major milestone – the company now has 5 million users on its platform.
For a company that started just four years ago, this is no mean achievement.
In a Medium post announcing this development, Tayo Oviosu, co-founder of Paga, stated that the journey to this point wasn’t an easy one.
“It’s been a long journey, and success is still not guaranteed, but it has been incredibly fulfilling!,” he said.
According to him, the reasons for Paga’s success include the team of over 200 dedicated individuals who work to build the company, and the network of agents who are tenacious entrepreneurs.
In Tayo’s words, “I love our agents and always enjoy going out to the field and meeting them — they are making a difference in their communities and building valuable businesses for themselves.” Paga has the single largest network of financial access points in Nigeria with 10,000 agents.
Although launched in 2009, Paga, which leverages the ubiquity of the mobile phone to enable a cashless society and increase financial access to the unbanked, didn’t start real operations to the market until after it raised funds in a Series A funding round in 2012.
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