Paga joins global Fintechs to launch new codes for digital services

Nigeria’s digital financial services provider- Paga, has joined a unique alliance of over 50 Fintech investors and digital finance innovators, who also gathered at Amsterdam, to launch investor guidelines aimed at spreading the benefits of the Fintech revolution more widely. The company noted that while the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.

The Chief Executive Officer of Paga, Tayo Oviosu, said his company is very proud to support this initiative and committed to responsible digital financial services by offering products that are commercially viable, yet not predatory.“Leveraging our human interaction to ensure that our offerings are clear to end users, and investing in consumer financial literacy programs in communities in which we work,” he said.

These leading organisations have teamed up to develop a set of guidelines for investors who are interested in funding inclusive digital financial services in a responsible way.The guidelines are a voluntary framework that organisations can sign up to and use as guidance when they invest in responsible digital financial services.Also, the guidelines will benefit digital financial service providers and their customers by helping investors to better evaluate and manage risks associated with digital transformation and digitalisation.

SOURCE: GUARDIAN NEWS[PAPER