June 2, 2016 IBOMLLC Team

Paga has raised the Transaction Limits to bump Number of Deposit to Bank Transactions

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Nigeria’s market leader in mobile money transactions support, Paga has announced an increase in the number of bank transactions limit. A move said to allow the platform accommodate more transactions.

The announcement was made by Paga’s CEO, Tayo Oviosu as part of the company’s address to recent complaints by customers. Over the last few days, customers have been experiencing downtime when making Deposit to Bank transactions. The downtime is as a result of Paga transactions hitting their allowed transactions limits as set by the CBN on the banks.

In an email sent to customers, Tayo explains, “In fact, we have been hitting this limit more regularly over the past few weeks; and this is a bittersweet situation for us.”

For Paga, hitting its transaction limit is both a blessing and a curse. While it goes to show that Nigerians are adopting Paga as means for depositing to their bank accounts in their millions. It also shows Paga’s inability to satisfy its customers’ needs for numerous transactions per day.

No company worth its salt would like to be labelled, as incapable of delivering high orders for …read more

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