African payments infrastructure company Paga Group has announced a strategic partnership with Sui to integrate Sui Dollar (USDsui), the blockchain network’s native stablecoin, into its ecosystem.
The partnership, unveiled by Founder and Group CEO of Paga Group, Tayo Oviosu, during the Sui Live in Miami Beach on Thursday, May 7, 2026, marks another major international collaboration for Paga after its recently announced partnership with PayPal earlier this year.
With the partnership, Paga is seeking to expand access to global payments, dollar-based savings, and investment products across Africa, leveraging blockchain-native stablecoin payment rails.
Sui Dollar (USDsui) is the native stablecoin of the Sui blockchain, and was launched in March 2026. It maintains a 1:1 peg to the US dollar and is backed by US Treasury-grade liquid assets.
Speaking exclusively to Naijaonpoint, Oviosu said the partnership aligns with Paga’s long-term mission of delivering financial freedom to Africans by enabling seamless money movement, global commerce, and easier access to savings and investment opportunities.
According to him, Paga has spent the last 17 years building the infrastructure required to achieve that goal, processing approximately $1.5 billion monthly in transaction value.
In 2025 alone, the company processed over $11 billion across 169 million transactions through its consumer payments app, enterprise infrastructure business, and merchant platform.
Despite this growth, Oviosu said major structural problems still exist across Africa’s financial ecosystem.
Under the partnership, Paga will integrate Sui Dollar into its enterprise API suite and consumer app, giving businesses and users access to stablecoin-based payment rails without relying on correspondent banking intermediaries.
The company also plans to roll out high yield US dollar accounts powered by USDsui.
Beyond payments and savings, the partnership will also support tokenised real-world assets, allowing Africans to invest in global assets such as bonds and projects located outside the continent.
As part of the deal, Paga said it will adopt Sui as the primary blockchain across its ecosystem and jointly develop developer tools and infrastructure for fintech builders across Africa.
Commenting on the partnership, Adeniyi Abiodun, said Africa’s growing developer ecosystem and rising interest in blockchain technology make the continent a strong market for blockchain powered financial infrastructure.
Oviosu also addressed concerns around regulation and compliance, clarifying that the partnership is being executed through Paga Group’s UK entity and that the initial services will be offered through its US operations rather than directly through its Nigerian business.
He added that any funds entering Nigeria would pass through the company’s licensed remittance infrastructure and be reported to the Central Bank of Nigeria in line with existing regulatory requirements.
According to him, Paga is also engaging regulators on how digital assets and stablecoins should be treated within Nigeria’s evolving regulatory framework.
“It’s really important to us as a company to always be compliant and stay compliant in everything we do,” Oviosu stated.
