Paystack, a Nigerian financial technology company, has unveiled Paystack Index, a new early-access product designed to enable artificial intelligence (AI) agents to facilitate digital payments and everyday commerce for users in Nigeria.
Developed with product support from TSG Labs, the company’s venture studio and emerging technology arm, Paystack Index allows users to complete transactions with supported Paystack merchants through AI assistants such as Claude, ChatGPT, OpenClaw, and other compatible platforms.
By connecting Zap to Paystack Index, users can instruct AI agents to perform a range of everyday financial tasks, including purchasing airtime and mobile data, sending money, and paying for food orders through Chowdeck.
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The company described the launch as an early-stage rollout, noting that the service is initially available in Nigeria with a limited number of supported merchants and use cases.
Speaking on the launch of the feature, Paystack CEO Shola Akinlade said,
“Paystack has always focused on helping businesses get paid safely and reliably, wherever their customers are. As AI agents become a more common way for people to search, decide, and take action, we think checkout has to evolve too.”
He further noted that the product emerged from Paystack’s belief that AI agents are becoming a new interface for action and that AI could represent the next major shift in how people discover and pay for products.
“We believe AI agents could become another important interface for commerce, where people move from asking questions to completing real tasks,” he added.
Also commenting, Paystack COO Amandine Lobelle said,
“AI is completely reshaping how we work, live, and make decisions. We’ve been thinking through how we can continue on our mission to accelerate commerce and power African ambition given these changes. Super excited to announce our first product out of TSG Labs: Paystack Index. You can now pay for goods or services in Africa directly from Claude, ChatGPT, OpenClaw and more.”
Paystack said it plans to expand the platform over time as it gathers insights into how consumers and businesses adopt AI agents for everyday commerce.
According to The Stack Group, the initiative aligns with its broader mission of powering African ambition by supporting the infrastructure, products, and companies that enable businesses and consumers across the continent to benefit from emerging technological advancements.
Artificial Intelligence (AI) is rapidly becoming a defining force in the evolution of financial technology, with fintech companies increasingly embedding intelligent systems into their products and internal operations.
Across the global fintech landscape, companies are racing to harness AI to improve operational efficiency, reduce costs, enhance user experiences, and unlock new business opportunities.
The technology is reshaping how financial institutions interact with customers, process transactions, assess risks, and deliver innovative products at scale.
One of the latest companies demonstrating this shift is Nigerian fintech giant Paystack, which has intensified its investment in AI-powered financial infrastructure.
Paystack recent launch of AI-Powered Paystack Index, comes a month after the fintech unveiled a completely redesigned dashboard, introducing an AI-native Command Centre that allows businesses to interact with their financial data using plain language queries.
According to Dara Assim-Ita, Senior Product Designer at Paystack and lead on the rebuild project, the redesign was inspired by the need to help businesses get direct answers instead of spending time navigating multiple pages and workflows.
She noted that merchants increasingly want faster access to operational insights, such as understanding failed transactions or identifying revenue changes, without having to manually interpret large volumes of data. The new AI-powered experience, transforms the Dashboard into a more intelligent command center capable of helping businesses make quicker and more informed decisions.
Founded in 2015, Paystack is a technology company solving payments problems for ambitious businesses. The fintech is backed by notable investors as well as some of the best payments companies on the planet.
In October 2020, global payments company Stripe acquired Paystack to accelerate commerce across the continent. The company’s mission is to help businesses in Africa become profitable, envied, and loved.