GTCO’s HabariPay Limited Receives Final Approval from CBN

The management of Guaranty Trust Holding Company Plc (GTCO Plc) announced the bank’s payment subsidiary, HabariPay Limited has received final approval from the Central Bank of Nigeria (CBN).

The lender announced in its latest statement signed by Erhi Obebeduo, Group Company Secretary and General Counsel, and obtained by Investors King.

According to the bank, HabariPay will be used to expand GTCO Plc’s services to underserved markets and deepen CBN efforts at expanding the number of people in the financial system. This, GTCO said would contribute to the resilience of the global payment ecosystem.

Commenting on the new payment subsidiary, Segun Agbaje, Group Chief Executive Officer, GTCO, 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,” he said.

“With HabariPay, we have successfully created another pathway towards enhancing the service experience for our customers and creating 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 services for individuals and empower businesses across Africa with the right digital tools to thrive.”