Paystack South Africa

Sourced from Redbubble and iStock. Stripe has revealed that it has entered into an agreement to acquire Paystack, a payments collection company based in Lagos, Nigeria. According to an official statement, Paystack works with more than 60,000 businesses in Nigeria and Ghana to securely collect online and offline payments. It also processes more than half of all online transactions in Nigeria and has plans to expand across the continent, having recently started a pilot with businesses in South Africa. Stripe and Paystack have been working closely together for some time. In 2018, Stripe led Paystack’s Series A financing round and has provided ongoing guidance as the company rapidly scaled. “In just five years, Paystack has done what many companies could not achieve in decades. Their tech-firs...