Nigerian Payments Company Acquires Silicon Valley Firm

Nigerian fintech company, Paga has completed the acquisition of Apposit, a San Francisco-based company that specialises in building software for businesses in Africa, for an undisclosed sum. The acquisition of Apposit also means Paga now has a presence in Ethiopia where the former is based. Ethiopia, with a population of 105 million people, is said to have similar cash and payment problems like Nigeria.Source: BUSINESS DAY NIGERIA