Paga Reports 700% Growth in Sign-Ups Amidst the Pandemic

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Paga Tech Limited, Nigeria’s leading mobile money operator, reported 700 per cent quarter-on-quarter growth in user sign-ups as a result of an increase in digital payments owing to recent lockdowns.

This disclosure was made by the Co-Founder, Head, Sales and Distribution, Paga, Jay Alabara, while he discussed key financial and operational metrics of Paga’s Q4 2020 results in a virtual forum on Tuesday.

Paga Report 700% Growth in Sign-Ups Amidst the Pandemic

Paga has reported 70% month-over-month retention of active self-transacting individuals. With 200% increase in monthly volumes for self-transacting individuals, the Fintech Company witnessed 354% increase in monthly Net Revenue for self-transacting individuals during the quarter under review.

The company recorded 27, 273 agents’ accounts, which was up 11% from 2019.

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Paga Reports 700% Growth in Sign-Ups Amidst the Pandemic - Brand SpurPaga Reports 700% Growth in Sign-Ups Amidst the Pandemic - Brand Spur

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Paga Reports 700% Growth in Sign-Ups Amidst the Pandemic - Brand SpurPaga Reports 700% Growth in Sign-Ups Amidst the Pandemic - Brand Spur

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