Nigerian fintech startup Paystack has partnered with Truecaller to ensure seamless and secure online payments for African merchants using Truecaller’s Software Development Kit (SDK).
Launched in Nigeria last year, the Truecaller SDK is a mobile identity product that enables 3rd party app developers, businesses and startups to easily verify end users by using their Truecaller profiles.
Through the partnership, Truecaller’s SDK will be integrated as a verification system to strengthen Paystack’s merchant verification process. This will make it possible for unregistered local businesses to receive online payments after being verified through the company’s in-house process, which now includes phone number identity verification.
Verification option for local developers
In addition to using Truecaller as part of the merchant verification process, startups and developers receiving payment via Paystack can now leverage on the Paystack-Truecaller phone number verification API to build customer verification tools.
Speaking on the partnership, Shola Akinlade, CEO of Paystack said,
This partnership with Truecaller allows Paystack to deliver on our promise of trust as well as a frictionless experience. We want to be able to guarantee that all businesses paid via Paystack are thoroughly checked for legitimacy and credibility. In a low-trust environment like Nigeria where many people are paying online for the first time, it’s important to deliver a safe, fraud-free experience, and this is a responsibility that Paystack takes extremely seriously.