Paga is processing about $1.5 billion in transactions every month, according to founder and Group CEO Tayo Oviosu, highlighting the scale the Nigerian fintech has reached after 17 years of building digital financial infrastructure.
Oviosu disclosed the figure in a recent interview, saying Paga now has more than 200 employees and processes over $1.5 billion monthly. He also said the privately held company is valued at hundreds of millions of dollars and has generated about $60 million in revenue in its strongest single year.
The monthly transaction figure is consistent with data Paga released earlier in 2026. The company said it processed $11 billion across 169 million transactions in 2025, equivalent to more than $1.5 billion in monthly transaction value. Its total value processed grew 17-fold between 2021 and 2025, while net revenue increased fivefold over the same period.
The growth reflects a significant change in Paga’s business model. The company began in 2009 as a consumer payments platform built around a nationwide agent network. It has since expanded into financial-services infrastructure, allowing businesses and other financial companies to build and move money through its technology.
One of its key products is Paga Engine, which provides payments orchestration, bill aggregation and Banking-as-a-Service capabilities to businesses. Paga said in April that more than 265 blue-chip enterprise clients were using Paga Engine, including PayPal, Meta, Amazon, LemFi, Tencent, Pesa and Verto.
Its consumer and merchant businesses remain important parts of the ecosystem. The Paga app serves individual users, while Doroki provides services for merchants. Together, these platforms give the company multiple channels through which transactions can flow.
Paga’s scale is also becoming part of a broader strategy around cross-border finance and emerging technologies. Oviosu has spoken about using stablecoins, cryptocurrency and other technologies to connect African consumers and businesses to global financial rails.
At Sui Live Miami earlier this year, he said Paga had processed $42 billion across 653 million transactions since inception. He also outlined plans involving dollar-denominated accounts, crypto on- and off-ramps, tokenised real-world assets and global payment infrastructure.
The company’s challenge now is converting transaction scale into a broader financial infrastructure business across Africa. Paga announced in April that its next phase would focus on expanding into new African markets, developing Paga Labs and deepening connections between African users and global financial systems.
The $1.5 billion monthly figure therefore represents more than payment volume. It shows how Paga has evolved from a digital payments company into an infrastructure provider seeking to participate in the next stage of Africa’s financial-services market.
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