African fintech company Paga has announced a strategic partnership with Sui aimed at transforming cross-border payments and digital financial access across Africa through blockchain-powered infrastructure.
The partnership, unveiled by Paga Founder and Group CEO Tayo Oviosu at the Sui Live conference in Miami, seeks to address longstanding challenges across Africa’s financial ecosystem, including slow international transfers, high transaction costs, currency instability, and limited access to global financial markets.
According to Paga, the company currently processes about $1.5 billion in monthly transactions and has handled more than $42 billion through over 653 million transactions since inception. The company says the collaboration aligns with its broader mission of making financial services more accessible to one billion people globally.
As part of the agreement, both companies plan to launch four major financial solutions across African markets. These include high-yield US dollar savings accounts powered by Sui Dollar (USDsui), expanded on-ramp and off-ramp infrastructure for digital assets, access to tokenized real-world investments from as little as $100, and blockchain-based payment rails designed to make cross-border transactions faster and cheaper.
Speaking on the partnership, Oviosu noted that despite Africa’s rapid fintech growth, many individuals and businesses still face major barriers when moving money across borders or protecting savings from currency depreciation. He added that the collaboration is focused not only on technology adoption but also on removing structural barriers that have historically limited financial inclusion across the continent.
The partnership also reflects the growing adoption of stablecoins and blockchain infrastructure by African fintech firms seeking alternatives to traditional correspondent banking systems, which are often expensive and slow for cross-border settlements. Industry analysts say the move could strengthen Africa’s push toward a more connected digital financial economy, especially as initiatives like the Pan-African Payment and Settlement System continue to gain traction across the continent.
