Paystack Builds a Fintech Empire by Acquiring Rivals Instead of Outcoding Them

Paystack has quietly folded card-issuing fintech Allawee into its operations, sending customers emails that all Allawee account numbers will stop working and cards will be deactivated by December 1, 2026. The deal, completed in 2025 without public announcement, marks the second fintech brand Paystack has absorbed this year after swallowing business banking startup Brass into its microfinance bank in June. Add the Ladder Microfinance Bank acquisition that gave...