StartupLagos
No Result
View All Result
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
Podcast
SUBSCRIBE
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
No Result
View All Result
StartupLagos
No Result
View All Result

Paystack partners Truecaller, to help more businesses accept payment online

Team Startup Lagos by Team Startup Lagos
03/20/2018
Reading Time: 2 mins read
0 0
0

Paystack + Truecaller

In what would before now seem unlikely, Truecaller have partnered with Paystack in a bid to allow more merchants across Africa accept payments online in a frictionless and secure manner. This would be by leveraging Truecaller’s mobile identity product, Truecaller SDK.

RELATED POSTS

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

Paystack + Truecaller

Before now, Paystack as a mandation, requires all merchants who wanted to accept payments using their platform to be registered with various regulatory organizations. This had been a sort of problem for the merchants as a vast majority of businesses are unregistered. It is this requirement that has prevented many legitimate offline businesses from realizing the benefits of online payments.

Well, that seems to be all coming to an end soon, as the Paystack-Truecaller partnership means that “in addition to Paystack’s proprietary merchant risk assessment checks, merchants can now verify their mobile identity via Truecaller. Integrating Truecaller SDK as a verification mechanism strengthens the Paystack platform’s merchant verification process and also makes it possible to open up Paystack to the millions of unregistered businesses who were previously unable to accept online payments with Paystack.”

So, just before this time, Paystack employs the use of three verification options available to developers – the ability to verify the Bank Verification Number (BVN) of customers (BVN is an identifying number issued by Nigerian regulators), the ability to verify bank account details, and the ability to verify card details. The newest verification option is the Truecaller, and this would further help to increase trust in the space, which is a vital need in the sector.

In summary,

>Local businesses that are not registered can now receive online payments after being verified via Paystack’s in-house verification process. This process now includes phone number identity verification powered by Truecaller

>Businesses and developers receiving payments via Paystack can now build customer verification tools on top of Paystack’s Truecaller phone number verification API

Here’s to the newest partnership.

Buy JNews
ADVERTISEMENT
Tags: online paymentpaymentPaystackTruecaller
Share2TweetShare
Team Startup Lagos

Team Startup Lagos

Startup Lagos is a leading Nigerian media and information platform, known for its end-to-end coverage of the Nigerian startup ecosystem. Starting 5 years ago, Startup Lagos has now become the gateway to the Nigerian startup ecosystem.

Related Posts

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
Funding

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

07/08/2021
Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
Business

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

07/03/2021
Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank
Funding

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

07/02/2021
Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product
Funding

Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

07/01/2021
Carbon partners with Visa to offer Debit cards to its customers
Business

Carbon partners with Visa to offer Debit cards to its customers

07/01/2021
Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.
Business

Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.

06/29/2021
Next Post

Music streaming platform, Spotify expands to South Africa, other countries

MongoDB startup accelerator set to go international

Recommended Stories

Whatsapp updates app with group calling feature

07/31/2018
Google supports Black Founders and Entrepreneurs in Africa

Google supports Black Founders and Entrepreneurs in Africa

06/22/2021

Eight startups including Nigeria’s Coldhubs, receive Microsoft’s Airband grant

08/06/2018

Popular Stories

  • 8 Active venture capitalist Firms in Nigeria

    4 shares
    Share 4 Tweet 0
  • Paylater launches PayVest, to provide investment opportunities for users

    3 shares
    Share 3 Tweet 0
  • 6 Travel Tech Startups in Nigeria you should know

    10 shares
    Share 10 Tweet 0
  • TradeDepot raises $10m pre-Series B funding for expansion and new financial products

    0 shares
    Share 0 Tweet 0
  • Life Bank Nigeria Launches Digital Blood and Oxygen Bank in Ibadan

    0 shares
    Share 0 Tweet 0
Currently Playing
StartupLagos

We are an authoritative voice of the Nigerian Startup Ecosystem and it has brought to light the amazing stories of thousands of startups, entrepreneurs, technological innovations, businesses and many other constituents of the startup ecosystem

Recent Posts

  • Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
  • Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
  • Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

Categories

Follow us

    Go to the Customizer > JNews : Social, Like & View > Instagram Feed Setting, to connect your Instagram account.

© 2020 Startup Lagos - brought to you by Prime Startups.

No Result
View All Result
  • Home
  • Subscription
  • Newsletter Subscription
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Landing Page
  • Landing Page
  • Buy JNews
  • Buy JNews
  • Support Forum
  • Support Forum
  • Pre-sale Question
  • Pre-sale Question
  • Contact Us
  • Contact Us
  • Home

© 2020 Startup Lagos - brought to you by Prime Startups.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.