Competitive Advantages

Bill payment

Paystack offers a convenient automated bill payment service that allows users to easily pay their bills. To get started, users simply need to link their bank account and upload their bills.

Paystack takes care of the rest by automatically paying the bills on time. Users even get rewarded with 2% cashback for paying their bills before the deadline. It's a hassle-free way to stay on top of bills and earn some extra savings at the same time!

Blockchain and AI Underwriting

Our platform utilizes the strengths of blockchain and predictive AI to create a more secure and efficient underwriting process. By leveraging blockchain technology, data is stored in a decentralized and tamper-proof manner, increasing transparency and trust between all parties involved.

Predictive AI algorithms analyze data to assess risk, providing a more accurate and personalized underwriting experience. This combination of cutting-edge technologies results in faster, more accurate, and streamlined underwriting, benefiting both insurers and insureds.

Tax Refund

Paystack offers an additional advantage of early tax refunds to its users. These refunds are provided to taxpayers even before they file their Income Tax Returns (ITR).

With Paystack, eligible taxpayers receive their refund amount at the end of each month. This amount is calculated based on their salary and total TDS (Tax Deducted at Source) amount. Paystack uses a machine learning model to estimate the refund they are eligible for.

This early refund can be helpful for users in managing their financial needs and planning for the future. Users can repay Paystack after filing their ITR and receiving refunds from the government at the end of the financial year.