eTranzact committed to efficient e-payment services

eTranzact International Plc has said that it is committed to being a regional leader in the electronic and mobile payment industry.

The Chairman of the company, Mr Wole Abegunde, said this during the 20th Annual General Meeting of eTranzact in Lagos.

He said, “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 recognised standards.”

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While presenting the financial performance to the shareholders, he said, “The company had a very remarkable year in terms of the financial performance.”

The company reported a profit before tax of N2.201bn, which is a record performance in the history of the company. The performance for 2023 is further highlighted by the gross revenue of NGN 33.91bn, which is also the highest so far in the history of the company.

Speaking further on the company’s performance and activities, the Chief Executive Officer of eTranzact, Niyi Toluwalope, noted that 2023 was a significant year in the history of eTranzact International.

On the payment transaction performance, he said, “eTranzact International Plc 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.”

He further said eTranzact made tremendous improvement in terms of faster average time for transaction processing and instant response for 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.