Nigerian Fintech Paystack Unveils Feature That Allows Businesses to Transfer Funds to Bank Accounts in Ghana
Nigerian financial technology company that offers payment processing services to businesses, Paystack, has unveiled a new feature that allows businesses to transfer funds to bank accounts in Ghana.
The newly rolled-out feature expands the restriction on Ghanaian mobile money transfers, by enabling businesses to use the platform to make individual or bulk transfers to any bank account in the West African country.
This development allows merchants to pay their vendors for products or services using the Transfer feature directly from their dashboards. They can also use the bulk transfer option, available on both the dashboard and the API, as needed.
Using Transfers on Paystack saves time because they can send money from the same platform where they accept payments.
Businesses with different needs and levels of operational complexity use Paystack in various ways.
Check out some below;
- Tech startups can use the Transfers API to build beautiful, seamless experiences for their customers. For example, lending, investment, or savings fintechs can build elegant payout flows that send money to customers quickly and with minimal manual input.
- Businesses can quickly pay their vendors for products or services, using Paystack Transfers right from their Dashboards.
- Businesses can use the bulk transfer option from the dashboard or API to pay their staff salaries, all at once.
To use the Transfers feature, merchants need to be a registered Paystack Business. Once they are registered, the next step is to ensure that they have money in their Paystack Balance. This can be done using our Topup feature, which allows them to move money from a mobile money wallet or debit card into their Paystack Balance.
Founded in 2015 by Shola Akinlade and Ezra Olubi and acquired by Stripe in 2020, Paystack helps businesses accept payments from multiple local and global payment channels.
The startup automatically routes payments through the most optimal channels, ensuring the highest transaction success rates in the market. This has seen it trusted by 200,000 + businesses.
