Paga Group, a UK-based African fintech company, has expanded its services to the United States.

Founded by Tayo Oviosu in 2009, the company is on a mission to eliminate the pain points of sending and accessing money for Africa’s diaspora. Paga Group has folded three businesses into its structure, including Paga, its consumer digital wallet, which permits users to send money, make payments, and bank in multiple currencies, according to the company’s website. Paga also offers a virtual or physical debit card that can be used at businesses that accept Visa. Additional perks include setting bills on autopay.

Paga’s other businesses include Paga Engine — a B2B business serving more than 260 companies — and Doroki — a retail and SME management platform — according to information shared with AFROTECH™.

Expanding To U.S. Soil

According to information shared with AFROTECH™, in 2024 alone, Paga processed 124 million transactions, valued at nearly $5.6 billion.

Paga is now expanding to U.S. soil, in partnership with a U.S.-regulated bank. The partnership will lead to more streamlined experiences in cross-border finance between the U.S. and Nigeria, with plans to reach other countries.

“Millions of Africans abroad face unnecessary barriers to basic financial services. Opening a bank account, saving in a stable currency, or sending money home is often expensive, complicated, or out of reach. In the United States alone, over 4.5 million African immigrants navigate a system that was never designed for them. We are breaking down those barriers,” said Oviosu in a press release shared with AFROTECH™.

According to the press release, remittances to Nigeria reached nearly $21 billion in 2024, demonstrating how essential the African diaspora is to driving economic growth in the country.

“Paga’s U.S. dollar account gives users access to an FDIC-insured current account, connected to the financial tools they use every day. It is simple, inclusive, and built for real-life needs. We are putting control back in the hands of the diaspora and laying the foundation for borderless banking for Africans everywhere,” Oviosu added in the press release.