ETRANZACT EYES FINTECH EXPANSION
eTranzact has announced plans to expand its presence in the fintech sector following a 40% increase in transaction volume, reaching N79 trillion in 2023. CEO Niyi Toluwalope highlighted this growth at a "Facts Behind Figures" webinar, emphasizing the company's role in digital payments and maintaining a 99.5% success rate with a 1.2-second processing speed.
Toluwalope outlined the company's "engage and win" strategy, focusing on full-service switching, merchant marketplace, and direct-to-consumer services to enhance offerings and solidify its leadership in Nigeria's digital payment ecosystem. CFO Emmanuel Ogunji reported a 50% rise in gross revenue to N33.9 billion and a 51% increase in net revenue to N9.2 billion, with cash equivalents growing from N11.5 billion to N19.6 billion. eTranzact plans to continue leveraging advanced payment technologies to support SMEs and drive further growth.
eTranzact has announced plans to expand its presence in the fintech sector following a 40% increase in transaction volume, reaching N79 trillion in 2023. CEO Niyi Toluwalope highlighted this growth at a "Facts Behind Figures" webinar, emphasizing the company's role in digital payments and maintaining a 99.5% success rate with a 1.2-second processing speed.
Toluwalope outlined the company's "engage and win" strategy, focusing on full-service switching, merchant marketplace, and direct-to-consumer services to enhance offerings and solidify its leadership in Nigeria's digital payment ecosystem. CFO Emmanuel Ogunji reported a 50% rise in gross revenue to N33.9 billion and a 51% increase in net revenue to N9.2 billion, with cash equivalents growing from N11.5 billion to N19.6 billion. eTranzact plans to continue leveraging advanced payment technologies to support SMEs and drive further growth.