By 
In a landmark financial achievement, Payaza, a leading African financial services provider, has received approval from FMDQ Exchange for a N50 billion Commercial Paper issuance. This milestone highlights Payaza’s unwavering dedication to becoming Africa’s most trusted payment gateway, offering seamless, secure, and innovative financial solutions tailored for the continent.
The N50 billion Commercial Paper program is set to significantly boost Payaza’s liquidity, enabling the company to scale its operations, diversify product offerings, and solidify its market leadership across Africa.
Payaza’s Chief Executive Officer (CEO), Mr. Seyi Ebenezer, commented on the development: “This approval reflects the confidence key financial stakeholders have in our vision. It marks a pivotal step in our mission to deliver innovative, accessible, and scalable financial solutions across Africa. With this opportunity, we are well-positioned to enhance liquidity, expand our services, and drive strategic investments that empower individuals and businesses in a dynamic economy.”
Payaza’s recent achievements include earning an investment-grade rating from Global Credit Rating (GCR), an affiliate of Moody’s, a globally renowned risk assessment firm operating in over 40 countries. This rating underscores Payaza’s robust financial structure, operational efficiency, and strong governance, further solidifying its credibility and enhancing investor confidence.
Recognized for pioneering digital payment platforms and tailored credit solutions, Payaza leverages advanced technology to bridge financial service gaps across Africa. The company’s vision of becoming Africa’s foremost fintech powerhouse drives its commitment to promoting financial inclusion and delivering sustainable solutions for underserved markets.
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 commitment to building innovative solutions that drive economic inclusion and growth across Africa. This initiative will enable us to deepen our offerings, strengthen infrastructure, and create transformative opportunities.”
As Payaza continues its ambitious expansion strategy, the company remains a beacon of confidence for stakeholders, a pioneer in redefining financial solutions, and a leader in transforming Africa’s financial ecosystem.
Comments