Key Takeaways:
Paga partnered with Sui on May 7 to launch high-yield accounts and crypto rails for 1 billion people.Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and global paymentsPaga will use its $42 billion historical scale to roll out USDsui stablecoin yields and asset tokenization.“These are the walls of the cage, and until we tear them down, financial freedom on this continent is incomplete,” Oviosu told attendees. “We found that partner — Paga and Sui.”
Both firms were admitted into the Central Bank of Nigeria’s anti‑money‑laundering supervisory programme for virtual asset service providers on March 31. Oviosu framed the opportunity in demographic terms.
“Fifty‑seven percent of African adults don’t have a bank account,” he said. “I see an Africa that is the single largest financial greenfield market in the world.”
Oviosu said that scale gives the Sui partnership a running start.
“$42 billion are school fees paid, salaries received, grandmother receiving money from her son in the city — instantly, safely, and at a fraction of the cost,” he said.
