Zap by Paystack: Transfer Made Easy, and More Features - Tech

Paystack Built the Rails; Now It Wants to Ride Them

“A Toad Does Not Run in the Daytime for Nothing”Not subscribing is free, but so is subscribing. Choose wisely.That’s what I imagine Pete Edochie was saying to himself while scrolling through Instagram on a random afternoon in late November 2024, as yet another wave of baddies foreigners and IJGBs touched down at Murtala Muhammed International Airport for Detty December. Lagos always puts on a show for the holidays, but 2024? Different gravy.By t…

Zap by Paystack: Transfer Made Easy, and More Features - Tech

Transferring money in Nigeria usually feels like a chaotic relay race where your bank fumbles the baton, drops it on the floor, picks it up, then drops it again for good measure.  It’s the 21st century, but bank transfers can still be an exercise in frustration—delays, failed transactions, app logins, and the dreaded “network issues.” But what if transfers could be as smooth as sending a text message? What if you could move money across banks in…

Paystack launches Zap, first consumer play

Nine years ago, Shola Akinlade, Paystack’s CEO, bet on making online payments frictionless and that bet paid off with a $200 million acquisition by Stripe. Now, his startup is betting on consumers transferring money with Zap, its new app, to fuel its next growth phase—a shift for the fintech known for its business-focused products. Zap does one thing well: it allows users to send money to any Nigerian bank account within 10 seconds. Customers ca…

Paystack unveils new banking app

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Paystack dabbles into consumer payments with Zap

Paystack, the Stripe-owned Nigerian fintech, has launched Zap, an app designed to facilitate rapid and secure bank transfers within 30 seconds.  This marks Paystack’s entry into the consumer app space after nine years of focusing on merchant-oriented solutions. “For years, we have been building infrastructure for merchants and now we are excited to show you how this same infrastructure can transform your everyday experiences, Shola Akinlade, Pay…

Paystack launches first-ever consumer product in nine years

Paystack has launched its first consumer product after nine years. The product called Zap is expected to help users make bank transfers in under 30 seconds.