Overview
Paga is a leading mobile money company that is building an ecosystem to enable people to digitally send and receive money and create simple financial access for everyone. Operating primarily in Nigeria, Paga serves both banked and unbanked populations, offering comprehensive financial services through mobile technology.
The platform caters to individuals, businesses, and merchants who need reliable digital payment solutions. Whether you’re sending money to family, paying bills, or running a business, Paga provides accessible financial services across Nigeria’s diverse economic landscape.
Key Features
Instant Money Transfers
Send money using phone numbers, email, or bank accounts
Bill Payments
Pay for utilities, airtime, data, and Pay TV services
International Remittances
Receive money from abroad securely
Agent Banking
Cash deposits/withdrawals through a nationwide agent network
Prepaid Card Services
Physical and virtual card options
Merchant Payment Solutions
Accept payments for businesses
Multi-currency Support
Hold and transact in multiple currencies
Pros & Cons
Advantages
- Extensive agent network (27,000+ locations)
- Multiple transaction channels available
- Serves the unbanked population effectively
- Strong regulatory compliance (CBN licensed)
- User-friendly mobile interface
Limitations
- Limited to the Nigerian market primarily
- Some users report transaction delays
- Customer service response times vary
- Higher fees compared to some competitors
Security Features
Regulatory Compliance: Licensed by CBN under Nigeria's Payment Service Banks framework
Data Encryption: End-to-end encryption for all transactions and personal data
Multi-factor Authentication: PIN, biometric, and SMS verification options
Transaction Monitoring: Real-time fraud detection and monitoring systems
Secure Agent Network: Verified agents with background checks and training
Privacy Protection: Compliance with data protection regulations and secure data storage
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Money Transfer (P2P) | ₦10 - ₦100 | Depends on the amount and channel |
| Bank Transfer | ₦35 - ₦50 | Standard bank transfer fee |
| Bill Payments | ₦0 - ₦100 | Most utility bills are free |
| Airtime Purchase | ₦0 | Free airtime top-up |
| Data Purchase | ₦0 | Free data bundle purchase |
| Card Maintenance | ₦50/month | Monthly prepaid card fee |
Getting Started
Detailed Ratings
Final Verdict
Paga stands as Nigeria’s pioneer in mobile money services, offering comprehensive financial solutions backed by strong regulatory compliance. While fees may be higher than some competitors, the extensive agent network and reliable service justify the cost for users prioritizing accessibility and security.