PAYAZA SECURES N50 BILLION COMMERCIAL PAPER APPROVAL FROM FMDQ EXCHANGE
In a landmark financial development, Payaza, a leading African financial services provider, has secured approval for a N50 billion Commercial Paper issuance, from FMDQ Exchange. This milestone highlights Payaza's unwavering commitment to be the most trusted payment gateway in Africa, by empowering seamless secured transactions across Africa through innovation, reliability, and prioritizing relevant solutions for Africans by Africans.
The N50 billion Commercial Paper program is set to enhance Payaza’s liquidity, enabling the company to scale its operations, expand service offerings, and reinforce its market leadership across Africa. Commenting on the development, Mr. Seyi Ebenezer, the Chief Executive Officer (CEO) of Payaza, expressed optimism about the company’s growth trajectory. According to him: “This approval is a testament to our disciplined financial management and strategic drive to deepen financial inclusion across Africa.”
Payaza's journey has been marked by numerous industry accolades, the most notable being its recent investment-grade rating from Global Credit Rating (GCR), an affiliate of Moody - a globally recognised integrated risk assessment firm, headquartered in New York City, with operations in over 40 countries worldwide. This rating, which reflects Payaza’s robust financial structure, operational efficiency, and sound governance practices, serves as a strong validation of the organisation’s credibility, while also pitchin Payaza favorably in the competitive financial services sector, boosting investors’ confidence in its long-term prospects.
From pioneering digital payment platforms to offering tailored credit solutions, Payaza’s innovative financial products and services are reshaping the financial ecosystem in Africa. The company has consistently leveraged technology to bridge financial service gaps across the continent. With a vision to become Africa's foremost financial technology powerhouse, Payazaremains committed to driving financial inclusion through scalable and sustainable solutions.
According to a spokesperson for the organization: “The approval of the N50 billion CP issuance represents not just a financial achievement, but also a significant step toward realizing this ambitious vision.” As the company advances its expansion strategy, its success story continues to inspire confidence among stakeholders and redefine the future of finance in Africa.