GTCO's HabariPay Leads Bank-Owned Fintechs in Profit Growth
Guaranty Trust Company's fintech arm, HabariPay, has surpassed other bank-owned fintechs in profit in the first half of 2025. The company recorded a substantial profit growth of 84%, reaching N4.02 billion.
Access Bank's fintech subsidiary, Hydrogen, and Stanbic IBTC's Zest Payment also featured in the financial statements. HabariPay offers digital payment solutions through its Squad platform, generating revenue from various payment transactions.
The company recently acquired key regulatory licenses from the CBN and NCC to enhance its payment processing capabilities.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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