Nigeria vs. Kenya: Who's Winning the Fintech War? In 2007, Kenya launched M-Pesa. A simple mobile money service. No bank account needed. Just a phone and an agent. Nigeria laughed. "We have banks everywhere. Who needs mobile money?" Here's what they're not telling you about that arrogance 🧠 By 2015, M-Pesa had 15 million users. Kenya's GDP per capita grew 40% partly because money finally moved freely. Farmers got paid instantly. Businesses tracked cash digitally. Government corruption in welfare payments dropped. Nigeria's response? We launched a thousand fintech apps. Paystack. Flutterwave. Opay. Each brilliant. But fragmented. No single unified mobile money backbone. The unbanked stayed unbanked. The rural poor stayed cash dependent. The score today: • Kenya: 96% financial inclusion (mostly via mobile) • Nigeria: 64% financial inclusion (despite more banks and fintechs) The lesson: Innovation isn't about having the most apps. It's about solving the simplest problem for the most people. Nigeria builds for Lagos. Kenya built for the village. The village won.

More than 50 of you bookmarked the tweet above. At the time, he hadn't announced a funding round. Well, earlier this month, Myka announced a preseed with backing from Ventures Platform, TLCom and angels like Shola Paystack and Ridwan of LemFi.

4. Full address of the shop visited 5. Your location details (address including State and Local Government Area) 6. Contact mobile number. 7. Paystack transaction ID All inconveniences regretted. Thank you. ^Lola x.com/messages/compose?recip…

Guys I need someone who works at Paystack please

3/ Key backend features: • JWT Authentication • Wallet creation & management • Peer-to-peer transfers • Paystack funding via webhooks • KYC verification • Fraud velocity detection • Transaction reversals • Real-time notifications

@paystack my business has not been activated for over 30days now. No response to your emails neither do you answer DMs. I have provided all the documents needed for account activation.

Sorted. You’re now live 🚀🚀🚀🚀

Paystack is a small system? what about the systems that build on paystack? Micro?😭

That's the Flutterwave charge. Its the same with paystack. I have no control over that one. Check your DM sir.

@paystack Ghana has been holding our payouts for almost two weeks now, they even made us text the customers who made the payments in our website to verify if they consented it. I’ve shared all that informations with them but no feedback yet. Everyday stories. I’ve sent emails .

Nigeria has the largest developer community in Africa. The question that keeps me up is not whether we have the talent. It is what the talent is pointed at. The raw numbers are on our side and growing. Walk through the tech communities in Lagos, Abuja, Enugu, and you will find more capable builders than most of the world realizes exist here. The proof is already on the board: Paystack built payments infrastructure good enough that Stripe bought it for around two hundred million dollars. World-class product craft, built here, validated at the highest level. But here is my honest worry. A huge share of our best builders spend their talent as remote labor for foreign companies, solving foreign problems, on foreign products. I do not blame anyone for taking good money. Bills are real. The cost is invisible and compounding. Every year of our best minds pointed outward is a year our own problems, payments for the informal market, logistics for our cities, tools for our traders and farmers and schools, wait for someone else to care about them. Nobody else is coming. The problems are ours, which means the markets are ours too, sitting unclaimed. The talent question is settled. The direction question is not. If you are building from here: what local problem do you understand better than any foreign team ever could?

What BVN made possible: Remote account opening. Banks can verify identity without requiring every customer to visit a branch. Better lending decisions. Financial institutions can verify customers and, with proper consent, assess financial history. Cross-bank fraud detection. A suspicious identity can be flagged across multiple institutions. Fintech onboarding. Companies like Paystack, Flutterwave, OPay, and Kuda rely on identity verification infrastructure to onboard customers. BVN became a foundation layer for Nigerian fintech.

Over the past 24 hours, I’ve experienced repeated payment failures while trying to complete transactions through Paystack. As a user, it’s frustrating when a payment platform that businesses rely on becomes a bottleneck rather than an enabler. I understand that technical issues can occur, and no system is perfect. However, prolonged disruptions can affect businesses, customers, and trust in the payment process. When payments fail repeatedly, it doesn’t just delay transactions, it impacts operations, revenue, and customer confidence. I hope the Paystack team addresses the issue promptly and improves communication during service interruptions. Reliable payments are not a luxury; they are a necessity for businesses and individuals who depend on digital transactions every day. #Paystack #Fintech @paystack

What does this mean for merchant trust and the future of independent SME banking? #TechTidesAfrica #FintechConsolidation #AfricanTech #BankingInfrastructure #Paystack #Brass

Now, the brand is officially being retired, and its operations will be completely folded into Paystack by July 31, 2026.

The definitive closure of Brass being fully absorbed into Paystack Microfinance Bank marks the end of an era for a startup darling. Two years ago, a Paystack-led consortium launched a rescue bid to save the business banking platform from a severe liquidity crisis.

I actually check it, sir, and I am telling you, Paystack is not an enterprise application when we are talking about enterprise applications. Maybe because I no update my profile too 😁

Hi, Mr Valuabble Thank you for reaching out. For pending Paystack transactions, please share your receipt, email, date, and amount with official support for assistance. Kindly disregard any unsolicited messages from unverified sources. Thank you.

Hey Paystack , I sent you a dm on support, please reply your dn 🙏🏽🙏🏽