Jay Alabraba

  • Current company Paga
  • Location Nigeria
  • Industry Fintech

In emerging markets, 90% of retail payments are conducted in cash, and 1.7B adults do not have a bank account. In Nigeria alone, 60M are unbanked, yet 70M have access to the internet and over 140M have mobile phone access. Paga is promoting financial inclusion across Nigeria as the country’s largest multichannel mobile money operator. It enables individual consumers to send and receive money transfers and empowers businesses to process payments. In addition to its easy-to-use mobile wallet platform, Paga has built the country’s widest physical financial services distribution network (2.5x that of Nigeria’s 23 banks combined) by training and deploying 18.5K agents across convenient service points in all 36 states and the Federal Capital Territory.

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