PAYU LAUNCHES A2A PAYMENTS IN NIGERIA, APPOINTS NEW COUNTRY MANAGER

PayU, a major global financial technology company, has announced the launch of Account-to-Account (A2A) payment services in Nigeria. This allows businesses and individuals to make real-time, direct payments from one bank account to another, bypassing intermediaries such as card networks.

This innovation is aimed at improving payment efficiency, reducing transaction costs, and enhancing security for merchants and consumers in one of Africa’s most active digital economies.

In the same announcement, Ryan Engel was named as the new Country Manager for Nigeria and South Africa, indicating the company’s deepening focus on the African market.

Additionally, PayU has achieved PCI DSS v4.0.1 certification, a rigorous data security standard, demonstrating its commitment to best-in-class security compliance.

Implications:

Supports Nigeria’s broader strategy of becoming a cashless economy.

Helps SMEs and online retailers reduce payment fees and fraud risks.

Strengthens Nigeria’s position as a fintech leader in Africa.

PayU’s move reflects a growing confidence in the Nigerian digital ecosystem and further pushes the country toward inclusive financial access and innovation.