FINTECH AFRICA | Nigerian Fintech, Paga, Partners with Sui Blockchain to Roll Out Stablecoins and Crypto Offerings

African fintech firm, Paga, has partnered with blockchain network, Sui, to roll out crypto payments, stablecoin products and tokenised asset services, marking the company’s first major push into digital assets.

The partnership, announced at the Sui Live event in Miami, will allow Paga users to access

• crypto on-ramps and off-ramps across Paga markets
• dollar-denominated accounts backed by Sui’s USDsui stablecoin, and
• cross-border payment services,

according to the companies.

Paga said the collaboration is aimed at helping African consumers and businesses hedge against currency volatility, lower remittance costs and access alternative financial products.

“These are the walls of the cage, and until we tear them down, financial freedom on this continent is incomplete,” Group CEO, Tayo Oviosu, said during a presentation at the event.

“Tearing down these walls is not a job we can do on our own; it requires the right rails, the right partner, the right technology that is fast enough, cheap enough and global enough to serve 1 billion people.

We found that partner – Paga and Sui.”

The companies also plan to explore tokenised real-world assets including real estate, bonds and solar projects, as African fintech firms increasingly turn to blockchain infrastructure to improve payments and settlement systems.

The move comes as stablecoin adoption gains traction across Africa where fintechs are seeking cheaper and faster alternatives for cross-border transactions amid persistent local currency depreciation and limited access to dollar-based financial products.

Sui recently launched USDsui, a yield-bearing U.S. dollar-backed stablecoin that competes with products such as Tether’s USDT and Circle’s USDC. The stablecoin will reportedly be issued by Bridge, the stablecoin infrastructure company acquired by Stripe in 2025.

In early 2026, Bridge said it is enabling fintechs and businesses to launch their own custom stablecoins enabling them to ‘own their own financial stack.’

Paga, on the other hand, is currently processing $1.5 billion on average in monthly payments and did $11 billion in 2025 with ~170 million transactions. Since its founding in 2009, the African fintech has reportedly processed ~$42 billion with over 653 million transactions up its sleeze to date.

Stay tuned to BitKE for updates on crypto developments across Africa.

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