Payaza targets N50bn from Commercial Papers issuance

Payaza Africa Limited (Payaza) is currently shopping for about N50 billion through the issuance of Series 1 and 2 Commercial Papers (CPs). The Series 1 and 2 Commercial Papers, under its N150 billion Commercial Paper Issuance Programme will be used to fund the working capital requirements of the Company.

The Commercial Papers issuance which opened on February 23 will close on February 26.
The company has since inception raised over N70 billion across 6 successful CP series, of which N32.53 billion has been fully repaid, while the outstanding balance is still within its scheduled repayment period and not yet due.

Payaza Africa Limited has demonstrated a strong track record of timely repayment and remains committed to maintaining the confidence of capital market stakeholders.

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From inception, Payaza has demonstrated an immense appetite for growth and innovation, rendering exceptional quality services to customers and nurturing a well-motivated workforce. This is also reflected in its current credit rating by GCR: A3, Data Pro (A1; upgraded from BBB+).

Payaza Africa Limited uses a sophisticated merchant-enabling application crafted to facilitate seamless transactions for merchants through mobile money and banking institutions.

The company offers various payment methods, including card payments, USSD, QR codes, virtual accounts, and mobile money, which are suitable for both online and offline merchants. These methods facilitate easy integration on digital platforms or direct transactions.

Payaza is a certified partner for MasterCard and VISA with a geographical footprint in over 19 countries across Africa, Asia, the Middle East and North America, offering a wide range of services and solutions tailored to meet diverse market needs.

The Company has secured multiple operational licenses and certifications across various jurisdictions to ensure compliance with global standards.

With milestones such as being the most compliant payment gateway on the Continent, achieving a transaction settlement time of T+0 (compared to the industry standard of T+3), and being a registered payment processing gateway for Dunkin’ Donuts, an American multinational coffee and donut chain, and thousands of other profitable businesses and SMEs, PAYAZA Africa Limited offers investors not just an opportunity to grow their wealth but also a chance to be a part of a movement changing the narrative of African owned businesses in the world.