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Tayo Oviosu has announced a strategic shift at Paga, stepping away from the daily management of Paga Nigeria to assume the role of Group CEO. This leadership change comes after 17 years at the helm, positioning Oviosu to focus on continental expansion and emerging technologies in finance.
Opeyemi Oyinloye, who has been Paga’s general manager of business operations for seven years, has been appointed Acting CEO of Paga Nigeria, pending regulatory approval from the Central Bank of Nigeria. Oviosu will continue to chair the Paga Nigeria board and oversee group-level strategy, while Oyinloye manages day-to-day operations in the country.
Brandspur Banking News Desk reports that this move coincides with Paga’s record-breaking growth. The fintech processed ₦17.1 trillion ($12 billion) in transaction value in 2025, representing a 96% increase from the previous year. The company also launched US banking services for the African diaspora through Regent Bank and became PayPal’s local partner, marking the global payments platform’s return to Nigeria after two decades.
Oviosu will spearhead Paga Labs, the company’s innovation arm, focusing on AI-driven commerce, stablecoins, and blockchain solutions. He aims to leverage these technologies to simplify payments and expand cross-border commerce across Africa. Paga is also preparing for fresh fundraising and potential acquisitions to support its pan-African ambitions.
Jay Alabraba, Paga co-founder, is transitioning to group director of special projects, concentrating on credit and lending services and supporting Oviosu’s international expansion. Both leaders emphasise that the restructuring is a planned evolution, not a retreat, with Oviosu remaining actively involved in social engagement, strategy, and partnerships.
The company’s next phase targets connecting Africa to global financial systems, enabling seamless transactions across countries like China, Vietnam, and Rwanda through Paga’s infrastructure. Oviosu describes this period as an “inflection point,” signalling a shift from domestic focus to broader market leadership.
Paga’s leadership depth, exemplified by Oyinloye and other general managers, ensures operational continuity while driving innovation and growth. The company remains profitable, giving it flexibility to execute ambitious plans without compromising existing operations.
This transition marks a historic moment for one of Africa’s oldest fintechs, demonstrating its evolution from a Nigerian payments company to a potential continental financial infrastructure leader.
