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.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
GTCO Posts N600.9bn Profit in H1 2025 - Strong Financial Performance
GTCO Reports 39% Increase in Pre-Tax Profit to ₦299.9bn in Q3 2025
GTCO Reports 22% Increase in Net Interest Income, Profits Dip by 36%
GTBank Reports N601bn Profit in H1 2025, Declares Dividend
GTCO and MTN Nigeria Drive Nigerian Stock Market to N171 Billion Gain
Nigerian Banks, Including Ecobank and GTCO, Pay N674 Billion in Taxes to Government in 6 Months
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
