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Paystack has pushed new digital-bank-like updates to Zap, including Checkout integration, after a clash with the CBN over compliance. How will it compete with OPay, Kuda and Moniepoint?
Paystack confirms the termination of Ezra Olubi's employment. Following Olubi's blog post, the company is set for another round of legal battles since Zap Africa.
The suspension now shifts attention to how Paystack handles internal accountability at a scale few African startups operate
For Paystack, this is the first real test of contactless payments. It may accelerate the adoption of NFC payments beyond microtransactions into larger segments
"We had a seed round early in the first quarter, and we were not able to close because of the issues with Paystack," said Tobiloba Asu-Johnson, CEO & co-founder of Zap Africa
The clarification follows a report suggesting that Zap requires an International Money Transfer Operator (IMTO) license and was launched without regulatory approval from the Central Bank of Nigeria (CBN).
“We registered the [Zap] trademark across multiple classes, including financial services — a class where Zap Africa has no filing registration.”
Zap is not trying to be a neobank. It is focused on one thing—bank transfers, fast, Shola Akinlade, Paystack Co-founder and CEO said
The annual event, a cornerstone for entrepreneurs and innovators in Nigeria and beyond, promises to be more impactful than ever with the support of its esteemed partners.
Sporting Lagos wants its footballers to acquire degrees at Miva University even as they pursue their football careers at Nigeria’s top-tier league.
Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.
The Central Bank of Kenya has authorised Paystack to operate as a Payment Service Provider in Kenya.
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