Guaranty Trust Holding Company Plc (NGX: GTCO) says the Central Bank of Nigeria (CBN) has granted approval for its wholly owned payment subsidiary, HabariPay Limited.
GTCO stated this in a document published on the Nigerian Exchange. The company said that all regulatory approvals have been obtained for the commencement of operations of HabariPay Limited.
It said that the new subsidiary “will serve to expand GTCO Plc’s range of services to largely underserved markets in support of the CBN’s financial inclusion drive and contribute to the resilience of the global payment ecosystem.”
Commenting on the development, Mr, Segun Agbaje, Group Chief Executive Officer of 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. With HabariPay, we have successfully created another pathway towards enhancing the service experience for our customers and creating more value our stakeholders.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.