Paga Launches Payroll Solution for SMEs at Social Media Week Lagos

At the recent Social Media Week Lagos, Nigeria's leading mobile payments provider, Paga, unveiled its latest innovation—Paga Payroll. This seamless, end-to-end payroll solution is specifically designed for small and medium enterprises (SMEs), aiming to simplify everyday payment processes for businesses.

The event, aptly named #SmallIsTheNewBig, underscored the importance of small businesses in Nigeria’s economy, with the “small” referring to the size of businesses that Paga Payroll targets.

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Paga: Revolutionizing Payments in Nigeria

Founded in 2009, Paga has grown to become Nigeria's leading mobile payments service provider, partnering with banks, microfinance institutions, and mobile network operators to facilitate secure money transfers.

With over a decade of experience in digital payments, Paga has now turned its attention to solving one of the most persistent challenges facing SMEs: streamlining payroll and financial obligations.

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Introducing Paga Payroll: Designed for SMEs

Paga Payroll is tailored to address the unique financial needs of SMEs, which often struggle with manual payment processes and compliance requirements. The product offers:

• Fast and secure salary payments into any bank account in Nigeria.
• Automatic pension and tax payment processing, eliminating the need for manual calculations.
• Same-day fund transfers, ensuring employees receive their payments promptly.
• Detailed reports and payslips generated for each transaction, enabling businesses to track payments effortlessly.

"A goal of @mypaga is to solve the everyday payment needs of SMEs. Paga Payroll solves a major pain for all SMEs—pay into ANY bank account!" — Tayo Oviosu, CEO of Paga.

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Why Paga Payroll Is a Game-Changer for SMEs

Small businesses are the backbone of Nigeria’s economy, but many face financial challenges, particularly when it comes to meeting payroll obligations efficiently. Paga Payroll aims to:

• Eliminate the complexities associated with payroll management.
• Provide an easy-to-use interface for processing salaries, taxes, and pensions.
• Enable SMEs to focus on growth, without the burden of manual financial processes.

"Eliminate the hassles that come with handling payroll. Paga Payroll is here to solve the everyday payment needs of SMEs." — @paga

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Streamlining Payroll, One Payment at a Time

With Paga Payroll, SMEs can now:

• Pay employees promptly, regardless of the bank they use.
• Maintain compliance with tax and pension regulations.
• Access real-time reports, ensuring transparency and accountability in financial operations.

"When starting a business, it's important to use an easy payment gateway like Paga. It's seamless." — @markessien

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Private Beta and Future Launch Plans

Currently, Paga Payroll is in private beta, with plans to go live publicly in the near future. The anticipation is high as SMEs across Nigeria eagerly await a solution that promises to revolutionize payroll management.

"Paga Payroll is in private beta at the moment and will go live publicly soon. Watch this space…" — @mypaga

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