Paystack welcomes consumers to its ecosystem with Zap, a transfer app
- Paystack's CEO Shola Akinlade announced the launch of Zap, a new app for quick money transfers.
- Zap allows users to send money to any Nigerian bank account within 10 seconds.
- Customers can fund their Zap accounts through direct debit or deposits into a Paystack-Titan account.
While Zap's quick transfer capabilities and user-friendly design are promising, the higher fees may deter potential users in a market where affordability is crucial. Paystack must balance its innovative features with competitive pricing to succeed against established rivals.
