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  1. Home
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  4. Paystack
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Paystack

Modern payments infrastructure for Africa

FreeAdded Jan 1, 2016

About

Paystack helps businesses in Africa accept payments via cards, bank transfers, mobile money, and USSD. It provides a clean API, pre-built payment pages, and tools for recurring billing and split payments. Acquired by Stripe in 2020, Paystack powers payments for over 200,000 businesses across Nigeria, Ghana, South Africa, and Kenya. It handles currency conversion and settlement in local currencies.

Tags

paymentsafricamobile-moneypayment-gatewayapi

Origin Story

By Shola Akinlade

The Problem

Accepting online payments in Africa was incredibly difficult with existing infrastructure.

Building It

Founded in 2015, Y Combinator graduate, acquired by Stripe in 2020 for $200M+.

What It Means

Africa's digital economy needs its own payments infrastructure.

The Dream

To accelerate payments innovation across Africa and enable internet commerce for the continent.

Pricing

ModelFree
Free tierAvailable

No setup or monthly fees. Transaction fees: 1.5% + ₦100 for local cards (capped at ₦2,000), 3.9% + ₦100 for international cards.

View pricing

Category

Payments Finance

Problems Solved

  • African Payment Collection
  • Mobile Money Integration
  • Local Currency Settlement

Alternative to

  • F
    Flutterwave

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