Bloomberg:

Paga Group Ltd., a Nigerian fintech company, is partnering with Oklahoma-based Regent Bank to expand into the U.S. market, targeting the African diaspora, specifically Nigerian expatriates. The collaboration, reported by Bloomberg.com, aims to simplify cross-border payments through a streamlined digital wallet. This partnership will enable customers to link their U.S. and Nigerian bank accounts to a single digital wallet. The integrated system allows Nigerian expatriates in the U.S. to directly pay for goods and services in Nigeria from the wallet, removing the need for formal fund transfers. This simplifies the process of supporting family and managing expenses in Nigeria from abroad. Paga Group Ltd.'s U.S. expansion is supported by investors including Jim O'Neill, former Chairman of Goldman Sachs Asset Management. The strategic partnership with Regent Bank allows the fintech firm to offer tailored financial solutions to diaspora communities, bridging the banking gap between the U.S. and Nigeria.