Paga, a Nigerian financial technology company that provides a mobile payment platform for sending money, paying bills, buying airtime, and enabling digital transactions, has labeled 2025 as an iconic year after hitting a major milestone.
The company announced that in 2025, it processed N17 trillion across 169 million transactions, underscoring its rapid growth and expanding influence in Africa’s digital economy.
Announcing this achievement, Paga’s CEO and Founder, Tayo Oviosu, shared his excitement via a post on LinkedIn, noting that what began as a consumer payments company has now evolved into critical economic infrastructure.
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“In just four years, from 2021 to 2025, the value processed by Paga has grown 17x,” Oviosu stated. “Today, Paga Engine is the invisible force behind some of the fastest-scaling businesses in Africa, powering payments orchestration, bill payment aggregation, and Banking-as-a-Service with the reliability and scale the market demands.”
In 2021, Paga processed 35 million transactions worth N1.2 trillion. By May 2022, the company had already matched that figure across 25 million transactions. At the time, it was a clear signal of growth, though the full scale of what was to come was still uncertain. Fast forward to 2025, and the numbers tell a much bigger story. In just four years, the value of transactions processed by Paga has grown 17 times, marking a significant transformation in its operations and impact.
Paga was founded in 2009 with a mission to deliver innovative and universal access to financial services in Africa. Since its commercial launch in August 2022, the fintech has developed into a sophisticated omnichannel payments platform offering users a safe and convenient way to send and receive money and pay their bills.
Leveraging its best-in-class, multicurrency, highly scalable digital payments and financial services engine, Paga serves the ecosystem through three business lines: Paga (Consumer), Doroki (SME Merchant), and Paga Engine (Enterprise Infrastructure).
The fintech promotes income growth and financial empowerment, serving millions of customer wallets, saving Nigerians time and money. Over 29 million people have used Paga’s services, and Paga’s ecosystem has contributed to job creation at scale, with over 1,000 direct jobs and 100,000 indirect jobs created.
Through its enterprise infrastructure platform, Paga Engine, the company supports hundreds of enterprise clients. Meanwhile, its merchant platform serves merchants with over 100,000 points of presence and has impacted more than 300,000 lives who directly depend on the jobs created through the merchant network.
In 2025, Paga was ranked among the Financial Times’ fastest-growing companies in Africa list. This marks the third consecutive year Paga has earned a spot on the prestigious list, placing it in an elite group of just 18 companies to have achieved this distinction since the ranking began.
Over the past 17 years, Paga has remained committed to its mission: to make it simple for one billion people to access and use money. What began as an agency banking pioneer has evolved into a robust digital payments and financial services ecosystem. Notably, what started as millions of transactions has now become trillions in value.
Looking ahead, Paga appears well-positioned to deepen its role as a foundational layer of Africa’s digital financial ecosystem.
With the rapid adoption of digital payments, rising smartphone penetration, and increasing demand for seamless cross-border and embedded finance solutions, the company will no doubt see sustained growth across its three business lines—consumer, merchant, and enterprise infrastructure.