Visa has partnered with Nigerian fintech Paga to accelerate secure and convenient mobile payments for merchants and consumers.
Through the partnership, Paga account holders can transact on the Visa network. In addition, both companies are working together to launch new merchant acceptance solutions involving QR codes and NFC technology.
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Otto Williams, Visa’s Head of Strategic Partnerships, Fintech & Ventures for EMEA, said: “We are excited to have Paga plug into our network, as a company we remain grounded on the principles of partnership, innovation, trust and openness. This development ushers in a new era of speed and convenience beyond borders.
“It also allows us to continue working towards innovating robust platforms through which merchants using Paga’s payment collection suite can benefit from international money transfers and the growing eCommerce industry.”
“Building world-class solutions”
Paga is a mobile payment company, that made its initial mark in West Africa before expanding to Ethiopia and Mexico. The company offers a multi-channel network enabling customers to transfer money, pay bills and make digital payments through its app.
Tayo Oviosu, Paga CEO, said: We are excited to partner with Visa as they are constantly building world-class solutions. As we scale our wallet across emerging markets such as Nigeria, Mexico, and Ethiopia, partnering with Visa to give both consumers and businesses, who have been underserved, access to Visa’s global network made sense to us.
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By GlobalData“Furthermore, it was clear to us in all our engagements the alignment of our goals towards solving the issues of cash, digitising cash transactions and delivering financial services using new and innovative approaches. We are very happy to have signed a long-term relationship with Visa.”
As part of the alliance, Paga will join the Visa Fintech Fast-Track Programme. Visa’s fast-track programme aims to make it easier for fintechs to access Visa’s payments network. Furthermore, the programme is part of Visa’s global strategy to support a broad range of players.
According to Paga, collaborating with Visa will allow the company to drive global expansion.
