Digital payments company Paystack has launched Zap, a new consumer-centric app that enables users to transfer money quickly and easily. The company says the app allows customers to send bank transfers in under 30 seconds by linking their traditional bank accounts.
The announcement was made by Paystack co-founder Shola Akinlade at the company's live event, 'An Evening with Paystack'.
While users can link multiple bank accounts, only traditional banks are currently supported - microfinance banks are not yet enabled. Zap uses the linked accounts to fund a Paystack-Titan account via direct debit, eliminating the need to access banking apps.
The app is now available for download on the Google Play Store and Apple App Store in Nigeria, with plans to expand to other regions.
"We’ve built infrastructure for merchants for years. Now, we’re excited to show how the same infrastructure can improve everyday experiences for people,” Akinlade said.
During the event, the company also announced that it has introduced Passkeys, a new login feature that replaces passwords with biometric authentication. Users can now login using fingerprint, facial recognition, or even device screen locks. Merchants can enable passkeys on their Paystack dashboards.
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