Indigenous mobile payments platform hits $1 billion worth of transactions

Indigenous mobile payments processing platform, Paga, has announced that processed over $1 billion worth of transactions from 17 million transaction, which is no small feat.

This was made known by the CEO and founder of the company, Tayo Oviosu, in a tweet he posted on 25 September, 2015 via his Twitter account.

All 17 million transaction were a result of users who utilized the platform to either send or receive cash, purchase phone recharge credit, pay bills, retailers, and so0 on.

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Paga is an online payments platform, headquartered in Lagos, Nigeria and launched on February 21, 2011. It aims to leverage the ubiquity of the mobile phone to enable a cashless society and therefore increase financial access to the unbanked population in the country.