Paga has announced a strategic partnership with Sui to build new digital financial services aimed at improving cross-border payments and financial access across Africa.
The partnership was announced by Tayo Oviosu, who said the collaboration is designed to address major financial challenges facing millions of Africans, including slow international transfers, unstable local currencies, and limited access to global financial systems.
According to Oviosu, the partnership supports Paga’s long-term goal of making financial services easier to access for one billion people. He noted that although Africa’s fintech sector has grown rapidly in recent years, many people still struggle to move money across borders, protect their savings, and participate in global commerce.
Paga said it currently processes about $1.5 billion in transactions every month. Since launching, the company has handled more than $42 billion through over 653 million transactions.
Under the agreement, Paga and Sui plan to introduce four major financial products focused on expanding financial inclusion and improving access to digital assets.
One of the planned services will offer high-yield US dollar accounts powered by the Sui Dollar stablecoin. The companies said this will help users protect their savings from local currency depreciation, a growing concern in several African economies.
The partnership will also build stronger on-ramp and off-ramp systems that allow users to move more easily between local currencies and digital assets. The goal is to improve liquidity and simplify digital transactions across African markets.
Another part of the collaboration will focus on tokenised real-world assets, allowing Africans to invest in global assets with as little as $100. The companies believe this could open access to investment opportunities that are often unavailable to ordinary users.
Paga and Sui also plan to develop blockchain-based financial rails that support faster and cheaper cross-border payments across the continent.
Oviosu said Africa’s growing population and rising middle class create a major opportunity for digital finance innovation. He added that the partnership is focused not only on technology, but also on removing barriers that have limited economic participation and financial inclusion for many Africans.
The collaboration highlights a wider trend among African fintech companies exploring blockchain technology and stablecoins as tools for improving payments, savings, and access to international financial services.
