Key Takeaways
Paga partnered with Sui on Might 7 to launch high-yield accounts and crypto rails for 1 billion individuals.Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and international fundsPaga 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 vital push into crypto infrastructure to this point. The collaboration was unveiled on Might 7 at Sui Dwell in Miami, weeks after founder Tayo Oviosu transitioned into the position of Group CEO in April.
The deal reportedly positions Paga to broaden past conventional cell cash and funds into stablecoin merchandise, tokenised belongings, and blockchain‑powered cross‑border transfers. Oviosu mentioned the partnership goals to construct monetary rails that assist Africans hedge towards foreign money volatility, entry international 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 companion — Paga and Sui.”
Based on each corporations, the mixing will give attention to excessive‑yield USD accounts backed by USDsui, Sui’s newly launched greenback stablecoin. It is going to additionally give attention to crypto on‑ramps and off‑ramps throughout Paga’s working markets, plus tokenised actual‑world belongings, together with actual property, bonds, and photo voltaic initiatives.
Oviosu mentioned the roadmap may permit 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 electronic mail.”
Paga’s transfer marks the continuation of a shift by African fintechs in the direction of exploring blockchain for settlement, treasury, and international 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 companies 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 p.c of African adults don’t have a checking account,” he mentioned. “I see an Africa that’s the single largest monetary greenfield market on the earth.”
Paga at present 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 mentioned that scale offers the Sui partnership a operating begin.
“$42 billion are college charges paid, salaries acquired, grandmother receiving cash from her son within the metropolis — immediately, safely, and at a fraction of the fee,” he mentioned.
Sui launched USDsui, a U.S. greenback‑backed stablecoin, a yield‑bearing one, permitting holders to earn curiosity just by preserving the digital greenback of their accounts, on Might 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 probably be issued by Bridge, the U.S. crypto infrastructure agency acquired by Stripe for $1.1 billion in 2025.
