Two African fintech firms Chipper Cash and Payday have boasted of high sales, following the processing of Starlink purchases for Nigerians.
Recall that satellite internet service owned by SpaceX Starlink was launched in Nigeria earlier this month. However, a large percentage of Nigerians were faced with the difficulty of processing payments, due to the suspension of international transactions on naira cards, as only those who have dollar cards can make payments for the product.
In a bid to solve the payment challenge for most Nigerians, Starlink selected Chipper Cash and Payday as their preferred options for the processing of payment of the satellite internet service. These platforms allow customers to create virtual dollar cards and fund them with naira.
“For naira payments, please use Payday. $43/ month for service and $600 for hardware”, reads a statement on Starlink’s official order page which shows up after a customer has specified their service address.
Recently taking to their verified Twitter accounts, the two companies have boasted of processing over $400,000 (N184.22 million) as of the time of writing this.
CEO and co-founder of Chipper Cash Ham Serunjogi disclosed that users in Nigeria have spent over $100,000 in purchasing the SpaceX Starlink, using the Chipper Cash visa card.
He wrote, “Chipper users in Nigeria have already spent over $100k paying for their SpaceX Starlink using their Chipper Cash visa cards.
Also, the CEO of Payday, Favour Ori took to his Twitter handle to disclose that his company has so far helped Starlink process over $300,000 since its launch.
He wrote, “We’ve helped Starlink process over $300k since launch. Just testing the Mic. So please use payday”.
Investors King understands that on 30th January 2023, Nigeria became the first country in Africa and the 47th market globally to access Starlink satellite internet services.
The launch came more than 20 months after the SpaceX Global Licensing and Market Activation Director, Ryan Goodnight, met with senior executives at the Nigerian Communications Commission (NCC) and outlined their deployment plans.
