African payments company Paga Group has announced a partnership with Sui to integrate USDsui, the Sui blockchain network’s native stablecoin, into its payments ecosystem for its users across Africa.
- African payments company Paga Group has announced a partnership with Sui to integrate USDsui, the Sui blockchain network’s native stablecoin,...
- Founder and Group CEO Tayo Oviosu unveiled the alliance at the Sui Live event in Miami Beach on Thursday.
- Inside Paga partnership agenda The partnership covers four areas, including high-yield USD accounts backed by USDsui; crypto on-ramps and off-ramps across...
- In January 2026 alone, Sui processed over $111 billion in stablecoin transfers, as reported by Techpression.
Keep reading for the full breakdown on Africa — everything you need to know is covered below.
Founder and Group CEO Tayo Oviosu unveiled the alliance at the Sui Live event in Miami Beach on Thursday. The announcement follows Paga’s recently completed integration with PayPal and a leadership restructuring in which Oviosu shifted his focus from Nigeria’s day-to-day operations to group-level strategy, with stablecoins and emerging technology at the centre of that agenda.
Inside Paga partnership agenda
The partnership covers four areas, including high-yield USD accounts backed by USDsui; crypto on-ramps and off-ramps across Paga’s markets; tokenised real-world assets, such as real estate, bonds, and solar projects; and cross-border payment rails for businesses and consumers.
The deal gives Paga users the ability to hold dollar-denominated accounts that earn yield, convert between local currencies and crypto, access investment assets previously out of reach, and send money internationally at lower cost.
Each of these functions targets a documented gap in African financial services, like currency volatility, restricted dollar access, limited investment options, and expensive remittance corridors.
The Sui Foundation and Bridge launched USDsui on mainnet on March 4, 2026, with the stablecoin issued through Stripe’s infrastructure to support DeFi and cross-border payments.
In January 2026 alone, Sui processed over $111 billion in stablecoin transfers, as reported by Techpression.
USDsui is issued through Bridge’s Open Issuance platform, which provides enterprise-grade controls and built-in compliance features for institutions.
That compliance framework matters for Paga, which operates within regulated financial markets across Africa and requires infrastructure that meets institutional and regulatory standards.
Paga’s broader partnership strategy
The Sui deal is the latest in international partnerships Paga has pursued since early 2026. In January 2026, Paga became PayPal’s local partner in Nigeria.
Under that arrangement, Nigerian users can link their PayPal accounts to their Paga wallets, receive payments from over 200 countries, and withdraw funds instantly in naira.
Oviosu stated in April 2026 that his focus as Group CEO is on “driving our expansion into new geographies and bringing new technologies to market through Paga Labs, stablecoins, crypto, and AI.”
Paga’s move also comes as African fintechs increasingly explore crypto and digital currency infrastructure for payments, settlement, and treasury operations.
The company processed ₦17.1 trillion ($12 billion) in transaction value in 2025, a 96 per cent year-on-year increase.