Category

Business & growth

16 articles

How Paystack protects your business from cyber fraud
How Paystack protects your business from cyber fraud
Business & growthNov 22, 2024

How Paystack protects your business from cyber fraud

Online payments enable ambitious companies in Africa to accept payments from customers safely and securely, no matter where they are in the world. However, like all good things, online payments come with risks, including cyber fraud.

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The evolution of agency banking in Africa
The evolution of agency banking in Africa

The evolution of agency banking in Africa

From the small airtime kiosk in Kumasi, Ghana, to the corner pharmacy in Ejigbo, Nigeria, a network of agents forms the backbone of the financial system that makes payments possible in Africa.

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2022 in African fintech: Exploring the biggest African fintech stories that shaped the year
2022 in African fintech: Exploring the biggest African fintech stories that shaped the year
Business & growthMay 10, 2023

2022 in African fintech: Exploring the biggest African fintech stories that shaped the year

2022 marked another captivating chapter in African fintech as the sector navigated a rapidly evolving landscape. As avid observers and active participants, Decode Fintech and Paystack have had a front seat to these developments, giving us unique insights into the stories that defined the year.

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How NIBSS Instant Payment (NIP) powers Nigeria’s digital economy
How NIBSS Instant Payment (NIP) powers Nigeria’s digital economy
Business & growthAug 19, 2022

How NIBSS Instant Payment (NIP) powers Nigeria’s digital economy

Instant digital payment networks support trade and value exchange within and between countries worldwide. In Nigeria, one of those intricate systems is NIBSS Instant Payments (NIP), a payment service used by banks and other financial institutions to power real-time bank transfers for customers and businesses.

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Understanding MTN Nigeria's Payment Service Bank (PSB) License
Understanding MTN Nigeria's Payment Service Bank (PSB) License
Business & growthMay 25, 2022

Understanding MTN Nigeria's Payment Service Bank (PSB) License

On April 11, 2022, the Central Bank of Nigeria granted MTN Nigeria final approval to operate a Payment Service Bank. A little over a month later, Nigeria’s largest telecommunications provider launched its MoMo Payment Service Bank (PSB) to the public, allowing its Nigerian customers create accounts, pay bills, send and receive money, and more, services which have been available to customers in other countries for years.

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