Paga and Sui Launch Strategic Partnership to Transform Cross-Border Payments Across Africa

Paga  has announced a strategic partnership with Sui  aimed at building next-generation financial infrastructure to improve access to digital financial services across Africa.

The announcement was made by Tayo Oviosu, who said the collaboration is focused on addressing long-standing financial challenges on the continent, including slow cross-border payments, currency instability, and limited access to global financial markets.

According to Oviosu, the partnership aligns with Paga’s long-term mission of making it simple for one billion people to access and use money. He noted that despite significant growth in Africa’s fintech ecosystem, millions of people across the continent still face barriers when sending money, saving value, and accessing international financial services.

Paga revealed that it currently processes approximately $1.5 billion in monthly transactions and has handled over $42 billion cumulatively through more than 653 million transactions since inception.

Under the partnership, Paga and Sui plan to launch four key financial solutions designed to improve financial accessibility and economic participation for Africans.

The first initiative will introduce high-yield US dollar accounts powered by the Sui Dollar stablecoin, allowing users to protect savings from local currency devaluation. The companies also plan to establish on-ramp and off-ramp infrastructure with deeper liquidity across African markets to simplify movement between local currencies and digital assets.

In addition, the partnership aims to make tokenized real-world assets accessible to African users, enabling investments with as little as $100. The firms also intend to build global financial rails on Sui’s blockchain infrastructure to support faster and cheaper cross-border transactions across the continent.

Oviosu said Africa’s growing population and expanding middle class present a major opportunity for digital financial innovation, adding that the continent is positioned to become a central force in the future global economy.

He emphasized that the partnership is not just about technology, but about removing structural barriers that have historically limited financial inclusion and economic participation across Africa.

The collaboration reflects increasing interest among African fintech firms in leveraging blockchain technology and stablecoin infrastructure to improve payment efficiency, wealth preservation and access to global commerce.