Western Union, Paga Partners On Mobile Money

 

Leading global payment services firm, Western Union has broaden its reach of digital offerings by partnering with Paga, a leading mobile payment platform in Nigeria, to launch a new mobile money transfer (MMT) service that will help increase its reach of payment options in the country.

The MMT service will integrate directly with Paga, giving the platform’s more than 1.2 million users the option of receiving a Western Union Money Transfer transaction directly into their Paga account.

Using Paga’s multi-channel platform also complements Western Union services offering through its retail Agent network of more than 500,000 locations around the world, which includes 4,900 locations in Nigeria.

Regional Vice President, Africa, Western Union, Aida Diarra, says the introduction of the new offering will help the company expand its mobile footprint as part of its omni-channel strategy, which facilitates financial inclusion for consumers who may not have access to traditional banking products.

It will also help “broaden the reach of our digital offerings and access points for consumers in Nigeria, as this supports the move towards a cashless society as per the Cashless Policy of the Central Bank of Nigeria (CBN),” Diarra said.

Tayo Oviosu, Founder and Chief Executive Officer of Paga, added that Paga’s relationship with Western Union extends its services to the world – and anyone across the globe who needs to send money to Nigeria can ‘Just Paga it’ through Western Union. 

Established in 2009, Paga has been helping to deliver innovative and universal access to financial services in Africa with secure payments platform that is built with the flexibility to operate in any environment and on the most basic mobile phone.