Paystack, a leading payments company in Africa, has announced early access to its Direct Debit feature.
Details
Developed in close partnership with the Nigeria Inter-Bank Settlement System (NIBSS), Paystack Direct Debit is a new, fully digital, and secure way for businesses to directly charge customers’ bank accounts in Nigeria.
Why This Matters
Direct Debit provides a new way for businesses that collect frequent repeat payments from customers (eg. subscription services, insurance companies, and fintechs) in Nigeria.
The feature is currently supported by 20+ banks in Nigeria.
Paystack is looking to partner closely with merchants to stress-test Direct Debit at scale over the next several weeks. Interested merchants can join the waitlist for early access.
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
