Paga Group, a leading Nigerian payment platform has partnered with LISNR, the global leader in proximity verification to enable contactless ultrasonic authentication for contactless payment across Africa through Doroki a recent debut merchant solution Application.
Doroki, the sister company to Paga is helping businesses digitize their operations and provide solutions targeted at SMEs in Nigeria. The strategic partnership between Paga and LISNR is the first major partnership of LISNR in Africa’s fintech space.
According to Paga, LISNR’s ultrasonic proximity verification solution activated on the company’s ecosystem will enhance the ease of doing business between consumers and merchants.
“We are excited to incorporate LISNR into the Paga and Doroki Apps. We are leveraging their technology for both person to business and person-to-person payments. This is exciting because people can now pay at a till without being very close to the cashier. It also enables us to offer more interesting non-payment use cases for merchants and consumers. Our partnership with LISNR will give us a strong advantage in attaining our goal of 120,000 merchants in the next two years by offering yet another easy, contactless, and seamless way to make payments and drive loyalty with their customers” – Tayo Oviosu, Founder & CEO, Paga Group.
The African fintech space continues to grow at a rapid rate seeing billions of dollars being invested in one of the world’s fastest-growing economies. Paga as a leader in the fintech space is holding its fort in the industry by forging partnerships with VISA, LISNR, Untapped Global and other leaders in the fintech industry.
Paga plans to scale from 33,000 merchants to 120,000 merchants within the next 2 years, hence it’s important to onboard partners to deliver solutions aligned with the company’s objectives to achieve desired growth.
“Paga is the household name for Fintechs in all of Nigeria and is one of the market leaders in all of Africa. We believe our contactless & secure proximity solution will enable a seamless authentication process across its growing user & merchant database. With our easy to implement solutions and our proven savings for merchants, we’re well-positioned to help Paga in their goal of scaling to 120,000 merchants in two years.” – Eric Allen, CEO, LISNR.
