The Nation Newspaper Paga to NCC: rework data regulation
It also said the country is not a prime destination for offshore cash, saying it is not easy getting a business profitable in the country in the face of a myriad of challenges.
He said to deepen financial inclusion in the country, the Nigerian Communications Commission needed to rework its regulation on data to make access to it affordable. According to him, the cost of data is high, serving as a disincentive for the uptake of digital financial services. While recalling the company’s milestones in the last 15 years, Oviosu said one of the biggest achievements of the company was the several people it was able to empower through job creation. According to him, the company has created 1,000 direct jobs and over 100,000 indirect jobs through its agents spread across the country.The Paga founder noted that the company has expanded beyond the agent network to providing infrastructure for others through platform-as-a-service and serving 150 businesses.
“And so all the competitors are a bit different in how they do things. I think our market is very similar to India. I don’t think it’s a winner-takes-all because there is no one person in Nigeria that has only one financial account. I’ve not met a Nigerian who has only one account. So, it’s not a winner-takes-all, but you probably have one that you prefer.”
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