Stripe-owned Paystack extends virtual terminal to four new countries

Key Takeaways

Initially introduced in Nigeria in 2021, this solution allows businesses like retail stores, restaurants, and pay-on-delivery services to accept in-person payments on a large scale without hardware costs, bringing Paystack's seamless online checkout experience to physical locations and providing real-time payment notifications. Paystack presently operates in four markets: Nigeria, Ghana, Kenya, and South Africa. Known for its streamlined operations, the company has undergone moderate staff expansion, leading to several product releases over the past three years. Notable developments include the introduction of a Shopify app, the launch of a terminal device, and the recent addition of a direct debit feature.