Financial Services


Deal Type:
Equity investment

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Pagatech Holdings Limited

Paga was founded in April 2009 with a mission to deliver innovative and universal access to financial services in Africa. Paga received its provisional license to operate from the Central Bank of Nigeria in November 2010 and full license in November 2011.

Paga is underpinned by a secure payments platform that is built with the flexibility to operate in any environment and on the most basic mobile phone and internet enabled device. To maximize the network effects critical for the long-term success, Paga has taken a multi-stakeholder approach and works with strong local banks and microfinance institutions and on all mobile networks.

Customers can use Paga via multiple channels – SMS, Online, Java application on a device, and our agent network.

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Source: McKinsey & Company