Nigeria’s online payment service provider, Paga has reached an exclusive payment partnership deal with Orange Mall – an e-commerce platform with over 250 international retailers – for easy purchase and shipment to Nigeria. This was confirmed in a statement by Paga’s General Manager for Online & Mobile, Folakemi Falodun.
The new partnership agreement will see Paga providing payment services on Orange Mall, underscores its overarching commitment to making life possible for Nigerians. Paga’s customers will also be able to shop globally and pay locally, increasing the utility of their Paga wallets.
“Orange Mall will be supported by Mall for Africa to handle operations, customer care, and logistics, while Paga will process all payments made through its secure wallet which customers can link to their linked bank cards and accounts, or fund their wallets directly with cash” – Falodun
Nairametrics had reported that the Nigerian digital payments platform was gearing up to compete with the likes of PayPal, Alipay, and Safaricom’s M-Pesa at the international level.
The Founder and Chief Executive Officer (CEO) of Paga, Tayo Oviosu who took to Twitter to announce the development made the disclosure that the international expansion was valued at $10 million and the funding was led by Global Innovation Fund.
With the $10 million funding, Oviosu said the company was planning to release its payments product in Ethiopia, Mexico, and the Philippines.
Paga is a mobile payment platform that allows its users to transfer money and make payments through their mobile devices. It acts as a mobile wallet where any user equipped with a mobile device can conduct transactional activities using their device. Paga was founded in Nigeria in 2009 by Tayo Oviosu.
Since its launch, Paga has continued to grow, with 8.2 million users that processed over 2 million transactions worth over $131 million in March 2018. It has also processed over $3 billion worth of transactions from 48 million transactions since inception.