Nigerian fintech leader Paga has announced a partnership with Sui blockchain to integrate cryptocurrency infrastructure into its platform, marking a significant expansion into digital finance. Unveiled on May 7 at Sui Live in Miami, the collaboration aims to offer high-yield USD accounts backed by Sui's new USDsui stablecoin, alongside tokenized real-world assets and enhanced crypto on-ramps and off-ramps.
Paga's move into blockchain is part of a broader trend among African fintechs exploring digital currencies for settlement and global payments. The partnership will enable Paga's users to hedge against currency volatility, access global markets, and invest in previously inaccessible assets. Paga, which processes $1.5 billion in monthly payments, plans to leverage its $42 billion historical scale to roll out these new financial products, positioning itself alongside other Nigerian fintechs like Flutterwave and Paystack in the blockchain space.
Paga Partners with Sui Blockchain to Launch Tokenized Assets and Stablecoin Yields
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