Paga, which was founded in 2009 use to provides Nigerians with safe and seamless way of making payments, allowing money to be sent to phone number and beneficiary claim the funds at any paga agent or at any ATM that accept Cardless withdrawal.
Ethiopia is on the cusp of a digital transformation. Paga has a long history working in Ethiopia, and we are very excited for this next phase of our involvement in Ethiopia, where we can provide innovative payment and financial services to the market.
We are equally excited to be partnering with the Bank of Abyssinia, which has demonstrated its commitment to and capabilities in driving Ethiopia’s digital economy forward. Combined with Paga’s innovation and technology, we believe our offering will be very exciting for Ethiopian consumers and businesses" said Adam Abate, CEO of Paga Ethiopia.
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This implies that via its online payment gateway and other capabilities, Paga will help increase the digital economy in Ethiopia by enabling sellers to pay and get paid easily and seamlessly online. Paga will leverage its experience and international partnerships to deliver world class online payment services in Ethiopia.
For this work, Paga partnered with Bank for Abyssinia and received a regulatory from the National Bank of Ethiopia (NBE) before it could launched it online payment gateway. That's all services performed on Paga in Ethiopia will be manage, control and regulate by the National Bank of Ethiopia.
Sosina Mengesha, Chief Digital Banking Officer of Bank of Abyssinia commented that as one of the leading bank in Ethiopia, they loved to work with best in world class partners, and such a class can be found in Paga.