Paga processes $1.5bn monthly, unfazed by fintech competition — CEO
Paga’s CEO, Tayo Oviosu, says the fintech firm is unfazed by rising competition, revealing it processes over $1.5bn in transactions monthly. Read More: https://punchng.com/paga-processes-1-5bn-monthly-unfazed-by-fintech-competition-ceo/
Tayo Oviosu, the CEO and founder of Paga, a prominent Nigerian fintech company, stated that competition in the country's financial technology sector is not a concern, as it indicates an expanding market. Speaking at the Moonshot 2026 by Tech Cabal conference in Lagos, Oviosu emphasized the importance of competition in driving innovation.
He explained that various companies could address different needs within the market, rather than viewing each other as competitors. Paga currently supports over 400 fintech and technology companies and processes more than $1.5bn in transactions monthly. Access to capital remains a major challenge for businesses seeking to expand, although the growth of Nigeria's capital markets is a positive sign.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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