"Paga partnered with Sui blockchain, marking the company's most significant push into crypto infrastructure to date. The collaboration was unveiled on May 7 at Sui Live in Miami, weeks after founder Tayo Oviosu transitioned into the role of Group CEO in April. The deal reportedly positions Paga to expand beyond traditional mobile money and payments into stablecoin products, tokenised assets, and blockchainpowered crossborder transfers."
"According to both companies, the integration will focus on highyield USD accounts backed by USDsui, Sui's newly launched dollar stablecoin. It will also focus on crypto onramps and offramps across Paga's operating markets, plus tokenised realworld assets, including real estate, bonds, and solar projects. Oviosu said the roadmap could allow Paga users to hold interestearning dollar balances, convert between local currency and crypto with minimal friction, invest in previously inaccessible assets, and send money across borders as easily and cheaply as sending an email."
"Oviosu said the partnership aims to build financial rails that help Africans hedge against currency volatility, access global markets, and participate in new forms of digital finance. These are the walls of the cage, and until we tear them down, financial freedom on this continent is incomplete, Oviosu told attendees."
Paga partnered with Sui to expand beyond mobile money into crypto infrastructure. The collaboration targets high-yield USD accounts backed by USDsui, Sui’s dollar stablecoin. It also enables crypto onramps and offramps across Paga’s operating markets. The partnership includes tokenized real-world assets such as real estate, bonds, and solar projects. The roadmap aims to let users hold interest-earning dollar balances, convert between local currency and crypto with minimal friction, invest in assets previously inaccessible, and send money across borders cheaply and easily. The move aligns with broader African fintech adoption of blockchain for settlement, treasury, and global payments.
Read at news.bitcoin.com
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