Friday, March 29, 2024

GTCO Plc secures final approval for payment subsidiary, HabariPay

Uba Group

BY BAMIDELE FAMOOFO

The Central Bank of Nigeria has given final approval to Guaranty Trust Holding Company Plc (GTCO Plc) to operate a payment subsidiary company-HabariPay Limited.

Commenting on the approval, Segun Agbaje, Group Executive Officer of GTCO Plc, noted that payments are central to the development of the financial services globally and represent a key growth area for the Group.

Agbaje disclosed that 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 another pathway towards enhancing the service experience for our customers and creating more value for our stakeholders,” he said.

Agbaje said the vision of the Group is an Africa where every payment is digital. “We hope to achieve this by increasingly leveraging technology to improve access to financial services for individuals and empower businesses across Africa with the right digital tools to thrive.”

The Group said the new subsidiary will serve to expand its services to largely underserved markets in support of the CBN’s financial inclusion drive and contribute to the resilience of the global payment ecosystem .

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