Nigeria’s Paga plans Ethiopia and crypto expansions in 2022

0
348

Nigerian payment platform Paga plans to press ahead with plans to expand in Ethiopia in 2022, and is also considering developing a crypto-currency product in Africa outside Nigeria, CEO Tayo Oviosu announced.

The company has a license to operate in Ethiopia. As yet there is no date to start operations there, but Oviosu hopes it will be in the first half of the year. He does not expect “full-scale civil war” to break out in Ethiopia, where the company has about 40 people on the ground.  Fighting between government forces and the Tigrayan People’s Liberation Front “won’t impede our plans.”

in the previous venture Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount.

The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu stated.

The moves come a little over a year after Paga raised a $10 million series B round and Oviosu announced the company’s intent to expand globally a while ago