Tayo Oviosu, Pagatech Chief Executive, told newsmen during the company’s 10th anniversary in Lagos that the mobile money business had also created 6000 businesses.
According to him, the 20,000 Paga agents who are entrepreneurs created over 10,000 jobs with multiplier effect.“We are making very strong progress in Nigeria and are the clear leader with a world class platform in driving an agent, merchant and consumer wallet business. “There will be additional $3.5 trillion to Gross Domestic Product of emerging countries by 2025 and additional 85 million jobs, two third of which will be salaried,’’ Oviosu said.
Oviosu said that half of the people who save in emerging market did so informally, 55 per cent of borrowers in developing world rely on friends and family for fund sourcing.