For the first six months of 2022, HabariPay, the fintech subsidiary of Guaranty Trust Holding Co Plc, recorded N447.8 million revenue
This was disclosed in the company’s financial report, adding that the digital payment subsidiary incurred N70.6 million in operating expenses during the period under review
Commenting on the new subsidiary after the CBN’s final approval of its operation, Segun Agbaje, Group Chief Executive Officer of GTCO Plc said: “Payments are central to the development of financial services globally and represent a key growth area for the Group.
“GTCO Plc has been at the forefront of delivering cutting-edge innovative solutions with its banking franchise and would leverage this capacity to transform the evolving payment space.
"With HabariPay, we have successfully created more value for our stakeholders.
“Our vision is an Africa where every payment is digital, and we hope to achieve this by increasingly leveraging technology to improve access to financial devices for individuals and empower businesses across Africa with the right digital tools to thrive.”
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