Interestingly, Paga has piqued the interest of some internationally renowned investors, one of whom is Tim Draper.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

Recipients of money on Paga collect their money from any Paga agent, partner bank, or in the future ATM machines.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

Customers can also use Paga to pay for a variety of goods and services at various online or offline merchants.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

Paga is a money transfer service that leverages the ubiquity of the mobile phone to bring great value to customers.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

For example, you can sit at home and pay to top-up your electricity meter or pay your cable TV subscription using Paga.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

With either of the two methods once the transaction is run successfully Paga sends a confirmation SMS to the sender and the recipient.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

Tim is a strong supporter of Paga and we are proud to have him as an investor and active participant in our business.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

Customers can use Paga to send money to anyone in Nigeria either from their mobile phone or Internet-enabled device, or via any Paga agent across the country.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment

We have an amazing team that is dedicated to making Paga a success and is singularly focused on providing a world class service to customers while constantly innovating new products and services to meet their needs.

FORBES: Nigeria's Mobile Money Startup Pagatech Fills A Need, Attracts U.S. Investment