Zap is now selling Airtime

In terms of the news that we'll be covering today, um, I think we'll be kicking off with Zap.

Uh, I guess 16 months after we said that Zap would sell airtime, um, they started selling air, airtime.

Um, Laolu and Nosa, I know you have many thoughts about this, so I'll let you get it off your chest.

I mean, it's not like I have many thoughts.

It's just a-

You're right

... a singular.

You're always right.

A singular, I'm always right.

I mean, I, I did tr- you know, funny, funny things that on the episode where we talked about Zap, I had like this really, you know, what do you call it? This visionary vision for Zap on how they would stay true and how they'll be the ones to drive, uh, transfers.

Uh, I mean, transfers as a payment method.

Merchant payment method is already a thing, but they'll be the ones to, like, drive new form factors and just them doubling down on transfers as a thing.

Well, I guess, I, I don't want to say they're, it's not like they're running out of...

Again, this is very tricky because you do something like this when you're under pressure to make money or to justify something or to add stickiness or whatnot.

But Paystack has already sold now, so, like, who is pressuring them? I, I don't think they're not making enough money for Stripe to be like, "Oh, this transfer app that you launched need to start contributing." I feel like there's enough for Zap to just play around without resorting to transfers.

Um, like, I guess there's enough, my long and short is that there should be enough room for them to just be experimenting.

Like, it doesn't have to be immediately successful.

So the thing is, the way I look at it, after, after thinking about it and it's a bit more, is that they're essentially supposed to be the app for the diaspora.

So when the IGGVs come back, you know, Zap is how they basically get funds into the ecosystem from whatever, you know, bank cards or whatever they use internationally, and then to be able to interact with the Nigerian ecosystem, because in most places in Nigeria now, you can actually just pay by bank transfer.

So I guess maybe the thought is, if we're going to be, like, their primary method of transaction while they're in country as well, how about we help them buy airtime and data? 'Cause they will need airtime and data to continue to transact and to continue to, like, interact as they explore during 30 December.

Hmm.

Furah, you can top up SportyBet on Zap.

I say Fintech PM is gone or PM.

That was what is really happening here.

Yes.