Payaza Africa Limited is currently in the market issuing up to N20 billion Series 5 Commercial Paper (CP) – under its N50 billion Commercial Paper Issuance Programme. The offer which opened on October 10 closes on October 17.
Payaza is at the forefront of the Fintech industry, revolutionising international payments and financial solutions.
“The company demonstrated strong financial discipline and capital market innovation through the successful issuance of N20.33 billion under its Series 1 and 2 Commercial Paper programme.
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The full redemption of both issuances, and also the successful issuance of N22.9 billion under its Series 3 & 4 Commercial Paper programme further affirms Payaza credibility and operational soundness, positioning it as a self-sustaining and trustworthy player in Africa’s evolving financial ecosystem.
These milestones underscore the Company’s commitment to transparency, investor confidence, and long-term value creation,” according to Meristem research analysts in their recent note to investors.
Payaza has also demonstrated an immense appetite for growth and innovation, rendering exceptional quality services to customers and nurturing a well-motivated workforce. This reflects in its current credit rating by GCR (A3), Data Pro (A1); upgraded from BBB+), and a newly obtained rating from Agusto & Co.(BBB).
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The firm specialises in simplifying international payments, offering developer-friendly APIs and SDKs for seamless integration, optimising settlements, collections, and delivering versatile payout solutions.
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.