Paga, a Nigerian fintech pioneer, has partnered with Sui Blockchain to combine cryptocurrency infrastructure into its platform.
Vital factors:
- Paga partnered with Sui on Could seventh to launch high-yield accounts and crypto rails for 1 billion individuals.
- Paga joins Flutterwave and Paystack to discover blockchain for funds, finance, and world funds
- Paga leverages its historic $42 billion scale to develop its enterprise $USD Sui Stablecoin yields and asset tokenization.
Digital finance roadmap
Paga, the Nigerian fintech pioneer, has partnered with Sui Blockchain, marking the corporate’s most important dedication to crypto infrastructure to this point. The collaboration was introduced at Sui Stay in Miami on Could 7, just a few weeks after founder Tayo Ovios was appointed group CEO in April.
The deal will reportedly see Paga develop past conventional cell cash and funds to incorporate stablecoin merchandise, tokenized belongings, and blockchain-powered cross-border remittances. Ovios mentioned the partnership goals to construct monetary rails that can allow Africans to hedge forex fluctuations, entry world markets and take part in new types of digital finance.
“These are the partitions of a cage, and until we tear them down, financial freedom on this continent will likely be incomplete,” Ovios advised attendees. “I discovered its companions, Paga and Sui.”
In accordance with the businesses, the combination will $USD SuiA brand new greenback stablecoin issued by Sui. We will even deal with crypto on-ramps and off-ramps throughout Paga's operational markets, in addition to tokenized real-world belongings reminiscent of actual property, bonds, and photo voltaic tasks.
Ovios mentioned the roadmap may permit Paga customers to carry interest-bearing greenback balances, convert between native currencies and cryptocurrencies with minimal friction, put money into beforehand inaccessible belongings, and ship cash throughout borders “as simply and cheaply as sending an e mail.”
Paga's transfer marks a continued shift by African fintech corporations to discover blockchain for funds, finance and world funds. In October 2025, Flutterwave partnered with Polygon to construct a stablecoin funds infrastructure, whereas Paystack, one other Nigerian funds large, reorganized into The Stack Group to deepen analysis into rising applied sciences.
On March 31, the 2 corporations have been authorized to take part within the Central Financial institution of Nigeria's Anti-Cash Laundering Supervision Program for Digital Asset Service Suppliers. Oviosu noticed a chance from a demographic perspective.
“57 p.c of African adults don’t have a checking account,” he says. “I feel Africa is the biggest monetary greenfield market on this planet.”
Paga presently processes $1.5 billion in funds every month. In 2025, the corporate processed $11 billion in 169 million transactions. Since our founding in 2009, we’ve processed funds totaling $42 billion from 653 million transactions.
Ovios mentioned the dimensions provides the partnership with Sui its trajectory.
“The $42 billion is in tuition paid, salaries acquired, and grandmothers receiving cash from their sons within the metropolis, immediately, securely, and at a fraction of the fee,” he mentioned.
Sui launched $USD Suia USD-backed stablecoin with a yield, will likely be issued on Could 4th, permitting holders to earn curiosity simply by storing digital {dollars} of their accounts. This would be the second digital forex within the Sui ecosystem, following the launch of the native SUI token in 2023. The stablecoin will likely be issued by Bridge, a US crypto infrastructure firm acquired by Stripe for $1.1 billion in 2025.
