Paga Taps Crossmint for Digital Payment Innovations Across Africa

Paga Group Limited, a Nigerian-based mobile money company, has partnered with Crossmint to enhance its services. The partnership allows Paga's users and businesses to access a unified stack that connects crypto wallet and stablecoin balances directly into their everyday digital cash spending.

The collaboration aims to address the problem of cross-border payments in Africa, which are often slow and expensive. According to the World Bank, sending money across African borders costs an average of 7-8% of the value sent, and settlements take three to four business days.

Paga leverages Crossmint's stablecoin architecture to reduce costs and shorten processing times, enabling real-time and cost-efficient capital settlements, crucial for African small businesses. The merge also paves the way for stablecoin transactions in the regulatory environment.