Nigeria: Payaza Secures Dual Credit Rating Upgrades, Strengthening Market Confidence

Payaza Africa Limited has recorded a significant boost to its market credibility following dual credit rating upgrades from leading assessment firms, underscoring its growing strength within Africa’s payments ecosystem.

Rating agency DataPro upgraded the company’s rating from A to AA-, while Intelligent Africa assigned an A- investment-grade rating. The latest upgrades mark Payaza’s fourth formal credit rating, reinforcing its financial stability, governance standards, and operational discipline.

According to the company, the ratings reflect sustained performance, resilience, and a clear long-term strategy, positioning Payaza as a stable and increasingly influential player in both regional and global fintech markets.

Commenting on the development, Chief Executive Officer Seyi Ebenezer said the achievement validates the company’s commitment to building a strong, structured, and sustainable business.

“This milestone affirms the discipline, trust, and long-term value creation that define Payaza. It signals that we are not just growing, but doing so with strength and stability,” he said.

He added that the company’s ratings trajectory reflects more than financial performance, highlighting its ability to scale responsibly while maintaining prudent management and operational excellence in a dynamic market environment.

The upgraded ratings are expected to enhance Payaza’s standing among investors, regulators, partners, and enterprise clients, particularly in an industry where trust, compliance, and risk management are critical to long-term success.

Beyond its financial milestones, Payaza is also expanding its product offerings. The company recently introduced “Chat and Pay by Payaza,” a feature that enables merchants to accept payments and issue receipts directly via WhatsApp, simplifying transaction processes for businesses and customers.

In addition, it has launched “Shopaza,” a storefront solution designed to help merchants sell products and manage payments more efficiently, further strengthening its value proposition for small and medium-sized enterprises.

With its latest rating upgrades and continued product innovation, Payaza is reinforcing its role as a key contributor to the development of reliable and scalable financial infrastructure across Africa.