Paystack expands its Pay With Apple Pay service to Ivory Coast and South Africa, and in the process enabling users to make payments in iOS apps as well as on the web via Safari browser. This very news in question is coming just two years after making the service available in Nigeria and about a year after it was launched in Ghana.
Paystack Expands its Pay With Apple Pay Service
Merchants are required to activate the option for international payments, despite the payment platform’s capacity to handle multiple currencies, including GHS, NGN, KES, ZAR, and USD. According to information on its website, only merchants located in Nigeria and Kenya are permitted to transact in USD.
The fintech company indicates that users who have previously linked a card to their Apple Pay account should be able to view this payment option. However, it’s emphasized that only cardholders associated with banks that are part of the program in eligible countries will have access to this feature.
Consequently, individuals who have set up Apple Pay on their Apple devices and are making payments with a card issued from outside the country will be presented with the option to pay using Apple Pay. They can then authenticate the payment using either Touch ID or Face ID, streamlining the checkout process.
What You Should Know About Apple Pay
Apple Pay, conceived by Apple, is a service that facilitates mobile payments and serves as a digital wallet, enabling consumers to approve transactions securely through Touch ID or Face ID, eliminating the need for manually entering payment information.
The digital mobile payment platform, Apple Pay, marked its entry into Africa in March 2021 with its launch in South Africa. In a parallel development within the fintech space, Paystack, a company founded in 2015 by Shola Akinlade and Ezra Olubi, has been making significant strides. Acquired by Stripe in 2020, this Nigerian fintech startup facilitates business transactions by allowing companies to receive payments through both local and international channels.
Paystack’s Footprint In Africa
Paystack’s footprint has since broadened beyond Nigeria to encompass six additional African countries, including Kenya, South Africa, Côte d’Ivoire, Egypt, and Rwanda. Notably, in November 2023, Paystack secured licenses for operations in Egypt and Rwanda and engaged in partnerships with financial institutions in Côte d’Ivoire to extend its financial services.
A significant milestone was achieved when Paystack introduced “Pay with Apple Pay” in Nigeria, becoming the country’s first payment gateway to integrate Apple Pay. This integration offers Nigerian merchants a gateway to the vast network of Apple Pay users, which spans over 60 countries worldwide, thereby facilitating more seamless and secure transactions for millions of customers.
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