eTranzact commits to efficient epayment services, posts N2.2 billion profit

eTranzact International Plc said it is committed to the aspiration of being a regional leader in the electronic and mobile payment industry.The Chairman of the company, Wole Abegunde, said this during the 20th Yearly General Meeting of eTranzact International in Lagos last week.

“We are poised and committed to be a regional leader in the medium term and in the long term, a global leader in the electronic and mobile payment industry. “To this end, we will continue to deliver secure, cost-effective and innovative electronic and mobile payment services that are compliant with globally recognized standards,” he said.

While presenting the financial performance to the shareholders, he noted that the company had a very remarkable year in terms of financial performance. The company reported a profit before tax of N2.2 billion, which was a record performance in the history of the company.

“The performance in 2023 is further highlighted by the gross revenue of N33.91 billion, which is also the highest so far in the history of the Company. The commitment of management towards the improvement of the company’s financial performance is commendable and worthy of note. The company will continue to improve on the performance, create more value, be a market/industry leader and maximise shareholders wealth,” he said.

Speaking further on the performance, the Chief Executive Officer of eTranzact, Niyi Toluwalope, described 2023 as a significant year in the history of eTranzact International.

On the payment transaction performance, he said: “eTranzact continued to maintain an upward trajectory in 2023. The volume and value of transactions processed during the year across all eTranzact’s channels and solutions increased significantly in comparison to the level in 2022. eTranzact further established its position as the leading provider of high-end switching services, based on the expansion of the company’s market share and reach during the year.”

The managing director said eTranzact made tremendous improvement in terms of faster average time for transaction processing and instant response for the status of transactions processed. He added that the Company made notable upgrades to the user interface of the various solutions, in a bid to ensure top-notch user experience and seamless transactions at every point in time.

eTranzact commits to efficient electronic payment services
eTranzact International Plc said it is committed to the aspiration of being a regional leader in the electronic and mobile payment industry.

The Chairman of the company, Wole Abegunde, said this during the 20th Yearly General Meeting of eTranzact International in Lagos last week.

“We are poised and committed to be a regional leader in the medium term and in the long term, a global leader in the electronic and mobile payment industry. “To this end, we will continue to deliver secure, cost-effective and innovative electronic and mobile payment services that are compliant with globally recognized standards,” he said.

While presenting the financial performance to the shareholders, he noted that the company had a very remarkable year in terms of financial performance. The company reported a profit before tax of N2.2 billion, which was a record performance in the history of the company.

“The performance in 2023 is further highlighted by the gross revenue of N33.91 billion, which is also the highest so far in the history of the Company. The commitment of management towards the improvement of the company’s financial performance is commendable and worthy of note. The company will continue to improve on the performance, create more value, be a market/industry leader and maximise shareholders wealth,” he said.

Speaking further on the performance, the Chief Executive Officer of eTranzact, Niyi Toluwalope, described 2023 as a significant year in the history of eTranzact International.

On the payment transaction performance, he said: “eTranzact continued to maintain an upward trajectory in 2023. The volume and value of transactions processed during the year across all eTranzact’s channels and solutions increased significantly in comparison to the level in 2022. eTranzact further established its position as the leading provider of high-end switching services, based on the expansion of the company’s market share and reach during the year.”

The managing director said eTranzact made tremendous improvement in terms of faster average time for transaction processing and instant response for the status of transactions processed. He added that the Company made notable upgrades to the user interface of the various solutions, in a bid to ensure top-notch user experience and seamless transactions at every point in time.