Paga Group, a leading financial services infrastructure provider in Africa, has announced that its total transaction volume reached $11 billion in 2025, spanning 169 million transactions — an average of over $1.5 billion processed monthly. The announcement coincided with the company’s 17th anniversary celebrations in Lagos.
The company’s CEO and Group Board Chairman, Tayo Oviosu, highlighted Paga’s evolution from a consumer-focused payments platform into a full-stack financial services infrastructure provider. Through offerings like Paga Engine for enterprises, the Paga app for consumers, and Doroki for SMEs, the group has strengthened the continent’s digital finance ecosystem while scaling its net revenue fivefold between 2021 and 2025.
Brandspur Brand News reports that Paga Labs, the company’s innovation hub, drives research and market readiness for emerging technologies including AI, stablecoins, and cryptocurrency solutions. This focus on frontier innovation is part of Paga’s broader phase two strategy, which includes a fully operational group structure and key leadership appointments.
As part of the new structure, Oviosu will lead Paga Labs, oversee the group’s expansion into new African markets, and drive fundraising initiatives, while retaining his roles as Group CEO and Chairman of both the Group Board and Paga Nigeria Board. Co-founder Jay Alabraba will serve as Group Director of Special Projects, focusing on lending and market expansion, and Ope Oyinloye has been appointed Group COO, responsible for all established Paga businesses.
Industry analysts say Paga’s growth and structural realignment position the company to continue shaping Africa’s digital financial landscape, enabling efficient transactions, supporting SMEs, and driving innovation across the continent’s fast-growing fintech sector.
