Profitable Paga doubles down on mobile app
- Paga has processed over ₦14 trillion ($32 billion) worth of transactions since inception.
- The company grew gross profits north of 200% year-on-year.
- Paga is refocusing on its mobile app after launching PoS systems.
Paga's success in processing trillions of naira worth of transactions and its focus on delivering a superior customer experience position it well in the competitive fintech market. However, the rising incidents of fraud and the need for standardized KYC processes pose challenges. Paga's plan to expand to another African country and its preference for a strategic acquisition over an IPO show a long-term vision for building a valuable business.
