Paga Group Launches in the US: Bringing Digital Banking to the African Diaspora
Bridging the Financial Gap for Africans in the US
Paga’s new service allows Africans in the US to establish and manage fully regulated US bank accounts. This includes the ability to perform standard banking transactions, addressing a critical need within the African immigrant community. Tayo Oviosu, the Founder and Group CEO of Paga, highlighted the existing challenges, stating that millions of Africans abroad face barriers to fundamental financial services. He emphasized the often high costs, complexities, and inaccessibility of crucial services like opening bank accounts, saving in stable currencies, and sending money home. Recognizing the specific challenges faced by the over 4.5 million African immigrants in the US, Paga aims to dismantle these barriers by providing inclusive and modern banking solutions. The initial rollout targets Nigerians living in the US, representing the first phase of Paga’s wider international expansion plan.
The launch in the US is a pivotal step towards Paga’s broader international vision. This expansion represents a significant stride in enabling cross-border finance and offers a crucial service for the African diaspora.
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