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:  Orange, a key player engaged in the digital transformation in Africa and the Middle East, launches its first “Orange Digital Centre” in Tunisia

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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