Decoding the PayPal, Paga Nigeria partnership
- Paga transitioned from agency banking to holding an International Money Transfer license.
- In the last four years, Paga has grown 17x, processing ₦17 trillion in transactions last year.
- Paga's average transaction value grew from ₦34,000 in 2021 to ₦100,000 in 2025.
The evolution of Paga and its partnership with PayPal signifies a pivotal moment in the Nigerian fintech landscape, potentially enhancing financial inclusion and competition. However, the sustainability of smaller players in this rapidly changing environment remains a concern, as they may struggle to compete with larger entities like PayPal.
