Paystack, the Stripe-owned African payment firm, has received a Payment Service Provider Authorisation from the Central Bank of Kenya. This permit means that Paystack can now provide payment services to businesses operating in Kenya.
Caroline Muema, Paystack’s Business Operations and Expansion Lead in Kenya said in a statement: “In every country in which we operate, Paystack strives to build fast, secure, and reliable payment services for businesses and customers. In Kenya – our fourth country where we operate locally, after South Africa, Ghana, and Nigeria – we’re thankful to receive the authorisation required to operate in full compliance with regulations.”
With this licence, Paystack will enable Kenyan businesses to accept both one-time as well as automated recurring card payments, collect payments from customers through several local and global payment channels, including M-Pesa, Card payments (Visa, Mastercard, American Express), and Apple Pay.
Businesses can also use the Paystack Developer Documentation to build custom payment experiences, and integrate with the fintech’s extensive inventory of plugins to collect payments through world-class tools such as Shopify, WooCommerce, and Wix.
Aside from the aforementioned, merchants can also use Paystack’s no-code Commerce tools (Payment Pages, Storefronts) to bring ideas to market beautifully and also monitor their business with the Paystack Merchant App.
Vikaran Ubhi, Paystack’s Product Manager in Kenya said: “We will work with an initial group of businesses to refine our platform in Kenya, implement feedback, and ensure that we build a fast, reliable, truly delightful payment experience.”
