Head-to-Head Specification Audit
Paystack vs Luno
Nigerian & African Businesses · Nigeria
Specification Matrix
| Metric | Paystack | Luno |
|---|---|---|
| Starting Price | $0/moTie | $0/moTie |
| API Rate Limit | 300 req/minBetter | 100 req/min |
| Target Country | Nigeria | South Africa |
| Category | Payment Processing | Cryptocurrency Exchange |
| Compliance (vendor-stated) | NDPA, CBN Licensed, PCI-DSS | FSCA, FICA, POPIA |
| Hosting Regions | NG-Lagos, GH-Accra, ZA-Johannesburg | ZA, EU |
| Native Integrations | 5 listedBetter | 2 listed |
Paystack — Key Specs
Vendor-stated- ✓Acquired by Stripe — a widely-used payment API serving African markets
- ✓Supports Nigerian bank transfers, USSD, Visa/Mastercard, and mobile money
- ✓Instant settlement to Nigerian bank accounts
- ✓Now available in Ghana, South Africa, Kenya, Ivory Coast
Luno — Key Specs
Vendor-stated- ✓FSCA-registered in South Africa
- ✓ZAR on/off ramp
- ✓API for business accounts
- ✓Supports BTC ETH XRP USDC
- ✓Trusted by 10M+ users in SA
Frequently Asked Questions
Which is lower-priced, Paystack or Luno?+
Both tools start at Free plan available on their entry plans.
Which compliance frameworks do Paystack and Luno list?+
Paystack additionally lists NDPA, CBN Licensed, PCI-DSS. Luno additionally lists FSCA, FICA, POPIA. These are vendor-stated frameworks. VektorIndex has not independently audited these claims.
Does Paystack or Luno list POPIA as a supported compliance framework?+
Luno lists POPIA (Protection of Personal Information Act) as a supported compliance framework per its vendor documentation. VektorIndex has not independently verified this claim. South African organisations should request the vendor's current Data Processing Agreement and confirm data residency settings before processing personal information. Paystack does not list POPIA as a supported compliance framework in its public documentation. Contact the vendor to confirm their position before processing South African personal information.
Which has a higher documented API rate limit — Paystack or Luno?+
Paystack has a higher documented API rate limit at 300 req/min versus Luno at 100 req/min.
Which data hosting regions do Paystack and Luno support?+
Paystack lists hosting regions: NG-Lagos, GH-Accra, ZA-Johannesburg. Luno lists hosting regions: ZA, EU. For data residency requirements in Nigeria, confirm exact region configuration directly with each vendor.
Data last updated: 29 August 2026 — Sourced from official vendor documentation. Not independently audited. Report incorrect information
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