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Paystack fined NGN 250 million by CBN over Zap product

News | Payments General | 05 May 2025

Paystack has been fined NGN 250 million by Nigeria’s Central Bank for allegedly breaching the terms of its operating licence through the launch of its consumer-facing product, Zap.

regulation, compliance, digital wallet, digital payments, fintech

Brass acquired by investment group led by Paystack

News | Payments General | 29 May 2024

Nigeria-based Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, and P1 Ventures.

acquisition, investment, fintech, payments