The two biggest fintech in Nigeria-Flutterwave and Paystack-appear to be in a race for whom to get the most partnership. Earlier this year, Flutterwave announced that it businesses on its platform can now accept payments through Paypal. The unicorn also recently disclosed it is also working with MTN to ease payments for the latter’s mobile money business.
Months later, Paystack, acquired by Stripe last year, has said that it is partnering with Apple Pay to allow Nigerian merchants and businesses on its platform to receive international payments from more than 60 countries where the service is available.
This is an interesting partnership because Apple Pay is only present in South Africa on the African continent. So integrating Apple Pay as a payment gateway may be to the advantage of Paystack. This is because Apple may not be expanding to Nigeria anytime soon. Why? Statistics show that Android OS dominates the Nigerian market 87%, iOS has only 7.75%. So, this is probably a good move by Paystack which is why it is looking to expand the Apple Pay integration to Ghana and South Africa.
Khadijah Abu, the head of product expansion at Paystack said that the integration with Apple Pay is the platform’s first global payment channel integration.
“We’re the first payment platform to support this channel in Nigeria, and we intend to integrate more global payment channels in the future to help connect Paystack merchants to the global economy,” she said.
“We’ve integrated with Apple Pay because we want to give our merchants and their customers more payment choices. Customers also love Apple Pay, the conversions are great and our merchants can now reach an even larger audience.”
“Apple Pay is super convenient and secure, and while we’re beginning with Nigeria, we aim to bring this payment channel to all our markets,” Abu adds.
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