Digitnomics 
By Nonye Ngoka,
Paga has entered a strategic partnership with Sui as the Nigerian fintech deepens its push into crypto-powered payments, stablecoin infrastructure, and tokenised real-world assets.
The partnership, announced at the Sui Live event in Miami, marks Paga’s first major crypto expansion since founder Tayo Oviosu transitioned to Group CEO in April 2026.
Under the deal, Paga plans to introduce high-yield dollar accounts backed by USDsui, Sui’s newly launched dollar stablecoin, alongside crypto on-ramp and off-ramp services across its markets.
The collaboration will also focus on tokenised real-world assets such as real estate, bonds, and solar infrastructure, as well as blockchain-powered cross-border payment rails for businesses and consumers.
Oviosu said the partnership is aimed at helping Africans hedge against currency instability, reduce cross-border payment friction, and gain broader access to global financial opportunities.
Paga users could eventually hold interest-yielding dollar accounts, seamlessly convert local currencies into crypto assets, and invest in tokenised assets previously inaccessible to retail investors.
The move reflects a broader shift among African fintech firms toward blockchain-based financial infrastructure. Flutterwave recently partnered with Polygon to expand stablecoin payments, while Paystack reorganised into The Stack Group to intensify emerging technology research.
Paga currently processes about $1.5 billion in monthly payments. The company said it handled $11 billion across 169 million transactions in 2025, bringing its cumulative transaction value since inception in 2009 to $42 billion.
For Sui, the partnership provides immediate access to one of Africa’s largest fintech distribution networks as competition intensifies within the global stablecoin market.
Digitnomics Insight
Paga’s partnership with Sui signals how African fintechs are moving beyond traditional payments into blockchain-based financial infrastructure.
The bigger opportunity is not crypto speculation, but the creation of alternative financial rails for cross-border payments, dollar savings, tokenised investments, and wealth preservation in economies facing currency volatility.
For African fintechs, stablecoins may increasingly become the digital bridge between local currencies and global finance.