Nigerian fintech pioneer Paga has partnered with the Sui blockchain to combine cryptocurrency infrastructure into its platform.
-
Key Takeaways:
- Paga partnered with Sui on Could 7 to launch high-yield accounts and crypto rails for 1 billion folks.
- Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and world funds
- Paga will use its $42 billion historic scale to roll out $USDsui stablecoin yields and asset tokenization.
A Roadmap for Digital Finance
Nigerian fintech pioneer Paga has entered a partnership with Sui blockchain, marking the corporate’s most important push into crypto infrastructure up to now. The collaboration was unveiled on Could 7 at Sui Reside in Miami, weeks after founder Tayo Oviosu transitioned into the function of Group CEO in April.
The deal reportedly positions Paga to increase past conventional cell cash and funds into stablecoin merchandise, tokenised belongings, and blockchain‑powered cross‑border transfers. Oviosu stated the partnership goals to construct monetary rails that assist Africans hedge in opposition to foreign money volatility, entry world markets, and take part in new types of digital finance.
“These are the partitions of the cage, and till we tear them down, monetary freedom on this continent is incomplete,” Oviosu informed attendees. “We discovered that associate — Paga and Sui.”
In response to each firms, the combination will concentrate on excessive‑yield USD accounts backed by $USDsui, Sui’s newly launched greenback stablecoin. It would additionally concentrate on crypto on‑ramps and off‑ramps throughout Paga’s working markets, plus tokenised actual‑world belongings, together with actual property, bonds, and photo voltaic tasks.
Oviosu stated the roadmap might enable Paga customers to carry curiosity‑incomes greenback balances, convert between native foreign money and crypto with minimal friction, spend money on beforehand inaccessible belongings, and ship cash throughout borders “as simply and cheaply as sending an e mail.”
Paga’s transfer marks the continuation of a shift by African fintechs in direction of exploring blockchain for settlement, treasury, and world funds. In October 2025, Flutterwave partnered with Polygon to construct a stablecoin cost infrastructure, whereas one other Nigerian funds big, Paystack, reorganised into The Stack Group to deepen analysis into rising applied sciences.
Each corporations had been admitted into the Central Financial institution of Nigeria’s anti‑cash‑laundering supervisory programme for digital asset service suppliers on March 31. Oviosu framed the chance in demographic phrases.
“Fifty‑seven % of African adults don’t have a checking account,” he stated. “I see an Africa that’s the single largest monetary greenfield market on the planet.”
Paga at the moment processes $1.5 billion in month-to-month funds. In 2025, the corporate dealt with $11 billion throughout 169 million transactions. Since its founding in 2009, it has processed $42 billion in complete cost quantity from 653 million transactions.
Oviosu stated that scale provides the Sui partnership a working begin.
“$42 billion are college charges paid, salaries obtained, grandmother receiving cash from her son within the metropolis — immediately, safely, and at a fraction of the price,” he stated.
Sui launched $USDsui, a U.S. greenback‑backed stablecoin, a yield‑bearing one, permitting holders to earn curiosity just by holding the digital greenback of their accounts, on Could 4. It turns into the second digital foreign money within the Sui ecosystem, following the launch of the native SUI token in 2023. The stablecoin will likely be issued by Bridge, the U.S. crypto infrastructure agency acquired by Stripe for $1.1 billion in 2025.
