Exclusive: Paystack issues cease and desist notice to Zap Africa amid product trademark controversy
Paystack issued a cease and desist notice to Zap Africa amid trademark controversy. The notice was prompted by Zap Africa's claims of trademark violations regarding the name 'Zap'.
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.
Fintechs rush for FX transactions will only benefit customers and startups with scale
Nigerian fintechs are focusing on consumer-oriented cross-border transaction products due to the stability of dollar-based transactions. The Central Bank of Nigeria reported remittance inflows of $553 million in July 2024, marking a 130% increase from 2023.
Stablecoins are finding product-market fit in emerging markets
SpaceX launched Starlink five years ago, becoming its biggest revenue driver. SpaceX partnered with Bridge to accept payments in stablecoins for global transactions.
Moniepoint mirrors Jack-Dorsey’s Square with new POS
Moniepoint is testing an all-in-one POS terminal. The new POS combines payment processing, inventory management, and transaction reconciliation.
