Paga Expands to U.S. with Digital Banking for African Diaspora
- Paga Group has launched digital banking services in the U.S. for Africans living abroad.
- Customers can open fully regulated U.S. accounts using only a valid ID and U.S. residential address.
- The service targets over 4.5 million African immigrants in the U.S., including 760,000 Nigerians.
Paga's initiative represents a significant step towards financial inclusion for African immigrants in the U.S., addressing long-standing barriers to banking access. The focus on a tailored banking experience for this demographic could reshape remittance practices and enhance economic stability within these communities. Future discussions could explore the scalability of this model and its potential impact on global banking.
