Paystack records N1 billion in monthly transactions value

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Paystack recorded a monthly transaction volume of N1 billion three days ago. It was announced via a tweet by Ezra Olubi, Co-founder and CTO of Paystack. They attributed the feat to the increased number of Nigerian customers paying Nigerian merchants online, monthly, via Paystack.

Paystack is a Fintech startup a little over a year and the half old. It is a payments platform that makes the online payments process seamless for both the consumers and the businesses they are trying to pay.

Unlike other Fintech companies, Paystack has a tradition of sharing its transaction volumes publicly and it does this for two reasons:

  • Celebrating all wins, both big and small
  • Encouraging a culture of greater transparency and mutual accountability within the Nigerian startup community
Read:  Nigeria's PayMyRent is a marketplace for loans

The N1 billion monthly transaction volume is inspiring as it’s a proof that a Nigerian startup has the ability to succeed in a market dominated by bigger more established players.

 

 

 

 

 

 

(Nairametrics)

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