BREAKING: Paystack debuts Pay With Transfer payment channel in Nigeria

In a statement released on the Paystack Blog earlier today, Paystack announced the introduction of Pay with Transfer, a new payment channel through which their users' customers based in Nigeria can pay them.

Ola Olaoluwa
Ola Olaoluwa

In a statement released on the Paystack Blog earlier today, Paystack announced the introduction of Pay with Transfer, a new payment channel through which their users' customers based in Nigeria can pay them.

When users' customers chooses this payment channel, Paystack instantly assigns them a Zenith or Providus bank account number, so that they can make a bank transfer payment. The successful payment then immediately reflects on the users' Paystack Dashboard.

Pay with Transfer is a viable option for both Paystack users and their customers because:

  • It's a familiar option for many customers who aren't comfortable paying online yet
  • It makes users' account reconciliation a lot easier
  • It helps users build detailed customer profiles

Financial inclusionDigital inclusionNews

Ola Olaoluwa

Writer | Economist