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If the first version eliminated eight roles, what does a more advanced one mean for the workforce?
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?
"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).
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
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