At an event during Social Media Week Lagos, mobile payments service Paga introduced Payroll, a seamless, end-to-end product targeted towards small and medium enterprises looking to solve their everyday payment problems.
The event was dubbed #SmallIsTheNewBig. The ‘small’ in this case refers to the size of business that Payroll is targeted towards.
Paga was founded in 2009, and is the leading mobile payments service provider in Nigeria. It works in partnership with banks, microfinance institutions and mobile network operators to enable money transfers from one user to another.
Payroll is designed the process of making payments by small businesses, which often struggle to meet their financial obligations.
A goal of @mypaga is to solve the everyday payment needs of SMEs. Paga Payroll solves a major pain for all SMEs! Pay into ANY bank account!
— Tayo Oviosu (@oviosu) February 26, 2016
Payroll can be used to process salary, pension and tax payments quickly, eliminating the need for manual payment processing. The payments can be made into any bank account in Nigeria.
Eliminate the hassles that comes with handling Payroll. Paga Payroll is here to solve the everyday payment needs of SMEs. #SmallIsTheNewBig
— Paga (@mypaga) February 26, 2016
The product is a welcome addition to Nigeria’s financial ecosystem. SMEs will be able to transfer funds to their employees’ bank account on the same day with the service.
Having a product and understanding how it fits into your audience makes that product strong in the market.#Pagapayroll#SMWLagos2016 @mypaga
— Amb Prince Fidelis Nwaefuna (@fedo4real) February 26, 2016
The biggest challenges that a company faces are usually financial, and Paga is hoping that its service can help SMEs tackle this.
The SME challenges – funding, staffing, making & managing money, marketing. @markessien @mypaga #SMWLagos #smallisthenewbig #truthswelltold
— Daniel Oparison (@dmastermind) February 26, 2016
The service generates reports and payslips for every transaction, meaning that the business can keep track of who the money has been sent to.
When starting a business, it's important to use an easy payment gateway like Paga. It's seamless – @markessien #SmallIsTheNewBig #SMWLagos
— Paga (@mypaga) February 26, 2016
PagaPayroll pic.twitter.com/0ZMfWNV8jG
— Mark Essien (@markessien) February 26, 2016
Paga Payroll is ideal for small businesses, offering quick and easy solutions with minimal fuss.
https://twitter.com/iVentHub/status/703224534590169088
Paga Payroll is currently in private beta, with plans to go live soon.
Paga Payroll is in private beta at the moment and will go live publicly soon. Watch this space…cc @mypaga
— Tayo Oviosu (@oviosu) February 26, 2016
Already piloting this. Awesome works by the team. https://t.co/GwQJv30f2j
— Oluyomi Ojo (@OluyomiOjo) February 26, 2016
Paga is taking applications for Payroll here.
