Paystack Reaches Milestone, Processing N1 Trillion in Transactions for The First Time in July 2024
Nigerian fintech company Paystack has announced a significant achievement, revealing that it processed N1 trillion worth of transactions in July 2024.
This marks the first time the company has reached this milestone, underscoring its growing influence in the African fintech space.
Paystack’s achievement highlights the rapid adoption of digital payments in Nigeria and reflects the company’s commitment to facilitating seamless financial transactions across the continent.
Celebrating this significant Milestone, the fintech wrote on its X handle,
“2024 has been a year of inspiring growth for thousands of Paystack merchants, and we’re thrilled to share our latest milestone! For the first time ever, businesses in Nigeria sent and received over 1 trillion naira with Paystack, in a single month (July 2024). We’re honored to be part of your journey, and we look forward to achieving even more together”.
Paystack has emerged as a trailblazer in the African fintech landscape, experiencing remarkable growth since its inception. Founded in 2015 by Shola Akinlade and Ezra Olubi, the company quickly gained traction by offering businesses a reliable platform to accept payments from customers through various channels, including credit cards, debit cards, bank transfers, and mobile money.
