Paga, one of the early payment platforms in Nigeria, has announced it is now fully integrated into Nigeria’s Banking System. This is according to Tayo Oviosu, the CEO and founder of Paga.


Explaining Paga’s mode of operation before the integration, Oviosu said that it took about two hours to verify a transfer. As a result, they had a lot of angry customers.

“When Paga launched to the public the only way to fund an account was either at a Paga agent or by visiting a bank branch to deposit to our bank account. If you used the second approach you had to notify us on our site. Two members of our team had to verify your deposit before we gave you electronic value. We termed this process “manual deposit”. We had 20 staff to make this manual deposit process work! It took us about 2hrs on average to process any deposit. Sometimes the banks didn’t post immediately, sometimes they didn’t post until evening. We could only give value when we saw money in our account. Other times we just had a major backlog. Either way, we had irate customers, and understandably so.”

Since this manual deposit process cannot be scaled, Paga had no choice than to work directly with banks.

Oviosu said that they started with 6 banks (including all major banks) adding that “Today, Paga is now connected to all banks in Nigeria. You can transfer money to your Paga account instantly, using your Paga 10 digit account number, from any bank in Nigeria. You can also transfer from Paga to any bank account in Nigeria instantly. This is a core foundation for the future.”

SOURCE: https://brandspurng.com/paga-announces-that-it-is-now-fully-integrated-into-nigerias-banking-system/

Nice one

What's the difference and similarities between paga, payoneer Nd PayPal?

Ok

Forward ever FINTECH

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abdeiz:
What's the difference and similarities between paga, payoneer Nd PayPal?

make Google your friend

ok now

PAGA co i nor like ona service

Good . Meanwhile check my signature

Paga has really been resilient sha

Not understanding

What is PAGA used for ? Been seeing their billboards around

ok

Hype

I used to love PAGA!
Their exchange rate was wonderful before their greed set it.
Typical Nigerian Company, inconsistent and the lust for more so soon!.



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wickyyolo:
What is PAGA used for ? Been seeing their billboards around

the offer transaction services just like quickteller

Welcome development

I'm a Paga agent. Paga is a nice platform. easy to use but they need to work on having a personalised POS for transactions. with that, agents can overcome the stress of getting pos from banks cos it takes months and affects Biz.

Wetin be PAGAN

ok good job...remain PAYPAL

Good innovation!

I love this Paga initiative. For those who can't transfer fund by mobile, paga has really reduced the excruciating stress of queuing in the bank or ATM. This guy that founded paga is a genius. He might end up becoming one of the richest dudes in Africa.

All this 1960 tech company... Have they not heard of blockchain technology

PAGA is only popular in Lagos


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crazygod:
I love this Paga initiative. For those who can't transfer fund by mobile, paga has really reduced the excruciating stress of queuing in the bank or ATM. This guy that founded paga is a genius. He might end up becoming one of the richest dudes in Africa.

How about Mitchell of Interswitch?

Paga is good but I still prefer Payza cos Payza has integrated Bitcoin in their payment system. Though I have both; paga and Payza

We are still far behind when it comes to mobile money.