Paga Partners Sui to Launch Stablecoin Payments Across Africa, Targets Faster Cross-Border Transfers
African payments infrastructure company Paga Group is making a bold move into blockchain finance through a new partnership with Sui, integrating the Sui Dollar (USDsui) stablecoin into its payment ecosystem. The announcement was made by Paga’s Founder and Group CEO, Tayo Oviosu, during the Sui Live event in Miami Beach on May 7, 2026.
The collaboration is designed to improve how money moves across Africa by using stablecoin-based payment rails. With USDsui pegged 1:1 to the US dollar and backed by US Treasury-grade liquid assets, Paga aims to give users more stable savings options and faster global payment access without traditional banking delays or currency volatility.
Oviosu said the partnership reflects Paga’s long-term mission of achieving “financial freedom for Africans,” emphasizing faster transactions, global commerce access, and easier investment opportunities. He noted that despite processing about $1.5 billion monthly and over $11 billion in 2025 alone, major challenges such as high cross-border fees and slow settlement times still limit financial efficiency across the continent.
Through the integration, Paga will embed USDsui into both its consumer app and enterprise APIs, allowing businesses and users to transact without relying on correspondent banks. The company also plans to introduce dollar-based savings products that generate yield, as well as enable tokenized investments in global assets, allowing Africans to invest in international projects from anywhere.
Sui’s leadership says Africa’s growing interest in blockchain makes it a key region for innovation, with studies suggesting strong demand for dollar-based digital assets. However, Paga clarified that the rollout will be handled through its UK and US entities, with regulatory reporting to the Central Bank of Nigeria where necessary. The partnership follows another major deal earlier in 2026 when Paga integrated PayPal services for Nigerian users.
source: nairametrics