CBN grants GTCO approval to operate payment service company

Guaranty Trust Holding Company Plc (GTCO) on Thursday informed the Nigerian Exchange Limited (NGX) and the investing public of the receipt of the final approval of the Central Bank of Nigeria (CBN) for its wholly owned Payment Subsidiary, HabariPay Limited.

The Group Executive Officer, GTCO, Mr. Segun Agbaje in a statement said: “Payments are central to the development of financial services globally and represent a key growth area for the Group.

“GCTO 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 stakeholder.

“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 to individuals and empower businesses across Africa with the right digital tools to thrive.”