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Tag: Paystack

Paystack issues notice to crypto startup Zap Africa over trademark dispute
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Paystack issues notice to crypto startup Zap Africa over trademark dispute

African fintech giant Paystack, a subsidiary of Stripe, has issued a cease and desist notice to cryptocurrency startup Zap Africa amid a brewing trademark dispute over the name “Zap.” The notice, sent on Monday, follows online discussions where Zap Africa accused Paystack of failing to verify the trademark status before launching its new consumer product, […]

Paystack launches app focused on bank transfers
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Paystack launches app focused on bank transfers

Leading fintech company Paystack has unveiled its latest product, Zap, a consumer payment app designed for instant and secure transactions. The announcement was made during a live-streamed event on Paystack’s official YouTube channel, signaling the company’s ambition to reshape the digital payments landscape in Nigeria and beyond. Unlike many existing digital wallets and mobile money […]

Paystack to lay off 33 employees in UAE, Europe
News Tech

Paystack to lay off 33 employees in UAE, Europe

Nigerian fintech Paystack is laying off 33 workers in Europe and UAE, the company’s CEO, Shola Akinlade confirmed this in a tweet on Thursday. Akinlade stated that layoff is as a reduction of Paystack’s operations outside Africa. “We’re changing our operating model to prioritise locating team members within the markets we serve, to localise costs […]

Paystack launches virtual terminals for businesses
News Tech

Paystack launches virtual terminals for businesses

Nigeria-based fintech company Paystack is launching virtual terminals to enable retailers to accept bank transfers for multi-person enterprises. The new product accepts payments by QR codes, international bank cards, and Apple Pay. Additionally, business owners can give virtual accounts to sales representatives so that they can track and confirm transactions without getting in touch with […]