In less than a month of being operational in Nigeria, it has been reported that the Satellite company owned by Elon Musk, SpaceX’s Starlink has made over $400,000 in sales.
Elon Musk’s selection of two fintech companies to facilitate Starlink purchases has paid off, with the two firms reporting over N182 million in sales. The partnership has made it easier for Nigerians to eliminate the payment challenges witnessed during the purchasing process for the satellite internet service.
Recall, Elon Musk-owned firm confirmed this in a tweet on January 31st, stating that Nigeria was the first African country to enjoy its services.
The announcement comes seven months after tech mogul Elon Musk’s company received an operating license from the Nigerian Communications Commission (NCC).
To access the services, Nigerians will pay one-time hardware costs of 274,098 Nigerian naira (US$595), with a monthly service fee that allows up to 128 device connections as well as uncapped data at ₦19,260 (US$42). This was after the company slashed the hardware and subscription prices for Nigerians.
According to reports, the two African fintech platforms, Chipper Cash and Payday have helped Elon Musk sell N182 million worth to Nigerians.
According to the official statement on the company’s website, “For Naira payments, please use Payday”, reads a statement on the official order page which shows up after a customer has specified their service address. You can purchase a the router with a Payday VISA or Mastercard.
On their part, Chipper Cash and Payday announced big sales. Ugandan tech tycoon, Ham Serunjogi owns Chipper Cash and Payday is owned by Nigerian tech entrepreneur, Favor Ori.
On their verified Twitter accounts, the two companies have boasted of processing Starlink purchases totalling over $400,000 (N184.22m). Serunjogi, the CEO and co-founder of Chipper Cash, shared on his official Twitter account that users in Nigeria have spent more than $100,000 on SpaceX Starlink kits using ChipperCash Visa cards.
Additionally, Ori, who launched his fintech startup Payday less than two years ago, tweeted that his platform has processed over $300,000 in payments for Starlink since its launch.
“We have helped Starlink process over $300,000 since launch.”
Nigeria has now become the first country on the continent to use Starlink’s satellite Internet and the 46th globally. Moreover, the announcement means that Nigerians will have access to Internet speeds of about 50-200 Mbit/s in most areas.
Starlink seeks to deliver a global broadband network, using a constellation of Low Earth Orbit to provide high-speed internet coverage with the capacity to penetrate rural and geographically isolated areas.