Paystack launches in South Africa

1 Mins read

Paystack, Nigerian-based fintech company that powers growth and payments for businesses in Africa has launched operations in South Africa its third market after a six-month pilot.

Businesses in South Africa can now accept payments online using Paystack, the company announced, further revealing that the development comes after it has worked very closely with incredible developers and business owners who have helped it appreciate the local commerce landscape.

We also helped hundreds of businesses — tech startups, ecommerce stores, agencies, and creators — get paid online, and built out our team in South Africa to better serve you. We learnt so much during the pilot, and today, we’re thrilled to open our doors to everyone.

Paystack Statement

This announcement comes seven months after it was acquired American fintech and software company, Stripe for $200 million. Paystack boasts of powering growth for businesses in Africa through a collection of secure payment tools.

The company has over 60,000 businesses of all sizes use our suite of Collections, Disbursements, Identity Verification, Reporting, and Commerce tools to grow their business across the continent, including FedEx, UPS, MTN, the Lagos Internal Revenue Service, and AXA Mansard.

Source: Paystack.

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