Just weeks after launching its first consumer product, Zap, Paystack is locked in a legal dispute with Zap Africa, a crypto startup, over trademark rights. Zap Africa claims Paystack’s use of “Zap” is causing confusion and harming its business, while both companies hold competing trademarks in Nigeria.
The clash highlights complex gaps in Nigeria’s trademark laws, especially around similar names and concurrent use. And could set a legal precedent for tech companies in the country.
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