Paga, a leading payments company in Africa, has reported a remarkable surge in its transaction volume, processing 17 trillion naira across 169 million transactions in 2025. This impressive growth underscores the company's pivotal role in the evolving digital payments landscape in Nigeria and beyond, as the report highlights positive developments indicating that the market is becoming increasingly robust and competitive.
Groundbreaking Figures from CEO Tayo Oviosu
CEO Tayo Oviosu shared these groundbreaking figures on X, highlighting the rapid growth trajectory of Paga and the significance of its payments infrastructure platform, Paga Engine. In stark contrast to 2021, when Paga managed only 35 million transactions worth just over 1 trillion naira, the latest data illustrates a dramatic increase in both transaction volumes and values as digital payments gain momentum across the continent.
Paga Engine: A Tool for Business Growth
Paga Engine is tailored to support businesses in handling payments, bills, and banking services, making it an essential tool for rapidly growing companies. Oviosu emphasized that the platform enables businesses to monitor transactions effectively and mitigate payment-related risks, solidifying Paga's position as a crucial player in the financial ecosystem.
Trust and Expansion in Africa's Digital Economy
The success of Paga Engine reflects the growing trust that businesses have in its systems to securely manage significant financial transactions. As Africa's digital economy continues to expand, Paga's infrastructure is becoming increasingly vital for online services and fintech companies. Looking ahead, Oviosu indicated plans for further service expansion and exploration of new markets.
As Paga reports a significant increase in transaction volume, India's e-Rupee pilot program has also gained traction, attracting around 7 million retail users. For more details, visit e-Rupee pilot.
