Paystack reduces operations outside of Africa, affecting 33 employees in Europe and Dubai
- Paystack has reduced its operations outside of Africa, trimming its workforce in Europe and Dubai.
- Paystack expanded its geographical presence by establishing offices in Accra, Cape Town, Dubai, and Nairobi.
- Notable developments include introducing an app for Shopify, launching a terminal device, and adding a direct debit feature.
The decision by Paystack to reduce its operations outside of Africa and trim its workforce in Europe and Dubai indicates a shift in strategy to focus on its primary operations in Africa. While this may be a necessary step for the company's growth and cost optimization, it also highlights the challenges faced by African companies expanding globally. It will be interesting to see how Paystack's decision impacts its future growth and market presence.
