In a significant advancement in the financial sector, Payaza, a prominent financial services provider in Africa, has received authorization for a N50 billion Commercial Paper issuance from FMDQ Exchange. This achievement highlights Payaza’s dedication to establishing itself as Africa’s most reliable payment gateway by providing seamless, secure, and innovative financial solutions designed specifically for the African market.

The N50 billion Commercial Paper initiative will greatly improve Payaza’s liquidity, enabling the company to expand its operations, diversify its range of products, and reinforce its leadership position in the African market.

Commenting on the development, Mr. Seyi Ebenezer, Chief Executive Officer (CEO) of Payaza, said: “This approval reflects the confidence placed in our vision by key financial stakeholders. It marks a pivotal step in our journey to deliver innovative, accessible, and scalable financial solutions across Africa. With this opportunity, we are well-positioned to bolster liquidity, expand our services, and drive strategic investments that empower individuals and businesses to thrive in a dynamic economy.”

Payaza has recently achieved significant milestones, including receiving an investment-grade rating from Global Credit Rating (GCR), a subsidiary of Moody’s, which is a well-respected risk assessment organization operating in more than 40 countries. This rating underscores Payaza’s solid financial framework, operational effectiveness, and strong governance, enhancing its credibility and increasing investor trust.

Recognized for its innovative digital payment platforms and customized credit solutions, Payaza utilizes advanced technology to address financial service disparities throughout Africa. The company’s ambition to establish itself as the leading fintech entity in Africa continues to propel its initiatives aimed at fostering financial inclusion and providing sustainable solutions for underserved communities.

According to Mr. Philips Akinyele, Payaza’s Chief Technology Officer; “The N50 billion Commercial Paper approval is more than a financial milestone; it reinforces our dedication to building innovative solutions that drive economic inclusion and growth across Africa. This move will enable us to deepen our offerings, strengthen infrastructure, and create opportunities that transform lives.”

As Payaza pursues its bold expansion strategy, the company consistently builds trust among stakeholders, innovates financial solutions, and spearheads the evolution of Africa's financial landscape.

Payaza Africa Limited is a leading financial services provider committed to revolutionizing Africa’s financial landscape through innovative, accessible, and technology-driven solutions. With a focus on bridging financial service gaps, Payaza offers secure payment platforms, tailored credit solutions, and scalable financial products designed to foster economic inclusion and drive sustainable growth. Backed by strong governance, operational excellence, and a recently earned investment-grade rating, Payaza continues to build trust among stakeholders and solidify its position as a trusted partner for individuals and businesses across Africa. The company’s vision is to become Africa’s foremost fintech powerhouse, delivering solutions that empower communities and transform the continent's financial ecosystem.