Paystack, a leading payments technology company in Africa, has officially launched its operations in Kenya. The company received a Payment Service Provider Authorisation from the Central Bank of Kenya in December 2022 and has been in private beta since then.
With the launch of Paystack in Kenya, businesses in the country can now accept payments online via multiple channels, including cards, M-PESA, and Apple Pay. They can also get settled in Kenyan shillings (KES) and US dollars, into their preferred bank account or M-PESA wallet.
In addition to accepting payments, Paystack also offers a number of other features that can help businesses in Kenya grow their businesses, such as:
- Transferring money easily to M-PESA wallets
- Collecting recurring payments automatically and managing subscriptions
- Managing transaction disputes such as refunds and chargebacks
- Monitoring your business’ performance in real-time
- Defining custom user permissions
- Automated fraud detection
Paystack is already used by over 700 businesses in Kenya, including Purpink Gifts, a company that sells personalized gifts. Diana Bett, the CEO of Purpink Gifts, said that Paystack’s user-friendly payment solutions have “increased our conversations, and enriched the experience of sending and receiving tokens of love with Purpink.”
Paystack is committed to providing businesses in Kenya with the best possible payment experience. The company plans to add more features and improve its existing features in the coming months. These improvements include shorter payout timelines, the ability to transfer money to bank accounts, and the ability to pay with bank transfers.
Paystack’s launch in Kenya is a major milestone for the company. It is the fourth country in which Paystack operates, following Ghana, Nigeria, and South Africa. Paystack is also planning to expand to other African countries in the near future.
Here are some features you can find on Paystack:
- Paystack supports payments via cards, M-PESA, and Apple Pay. This gives businesses the flexibility to accept payments from a variety of customers.
- Fast and secure payments: Paystack uses industry-leading security measures to protect customer data and prevent fraud.
- Paystack is easy to integrate with existing business systems. This makes it a convenient option for businesses of all sizes.
- Paystack offers competitive pricing for its services. This makes it a cost-effective option for businesses.
- Paystack offers excellent customer support. This is important for businesses that need help with setting up or using the platform.