Paystack introduced Zap, its new consumer app for sending money to any Nigerian bank account within 10 seconds.
Temmy Samuel
Zap is the consumer app of Paystack
Paystack's Zap is not just an ordinary neobank that helps Nigerians to transfer money from one bank to another the ways OPay, PalmPay, Kuda Bank and Moniepoint does it. It's an inaugural consumer-focused mobile application, more like a remittances service, that allows Nigerians to fund their Zap account by linking their Nigerian bank accounts to Zap using Paystack’s direct debit infrastructure, linking their debit or credit cards from any country, or depositing money directly into a Paystack-Titan account. How Zap works The Paystack's Zap works as an instant money transfer service within Nigeria. It's also working as a remittances service that allows Nigerians abroad to link their debit/credit card to the app and instantly send money home. Remittance Although, Paystack's CEO Shola Akinlade said that "Paystack is not yet entering the remittance market." However, he demonstrated how Zap works with remittance service at the company’s Evening With Paystack. Akint…
About the author
Temmy Samuel
He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently chasing a BSc degree in Accounting.
