GTCO Fintech subsidiary HabariPay publishes first impact report, charts journey to industry leadership

Stanley Ihedigbo

In a move that underscores its growing influence in Nigeria’s digital payments ecosystem, HabariPay Limited has launched its inaugural Impact Report 2025, detailing the company’s growth trajectory, operational milestones, technological innovations, and efforts to expand access to secure and efficient payment solutions.

The report, unveiled on Wednesday, provides a comprehensive overview of HabariPay’s transformation from a newly established fintech venture into one of the country’s leading payment infrastructure providers.

It chronicles key milestones, strategic investments, innovation initiatives, and business decisions that have contributed to the company’s emergence as a major player in the financial technology space.

According to the company, the publication serves as both a reflection on its achievements and a roadmap for its future ambitions. It highlights HabariPay’s role in facilitating digital commerce, strengthening payment infrastructure, supporting businesses of various sizes, and expanding access to financial services through technology-driven solutions.

A significant portion of the report focuses on the company’s financial and operational performance, particularly the growth of its flagship digital payments platform, Squad.

The report outlines how Squad has evolved into a comprehensive payment ecosystem that powers payment acceptance, switching services, transfers, merchant solutions, and other value-added services designed to support businesses in an increasingly digital economy.

The publication also highlights HabariPay’s investments in building critical infrastructure that enables secure, efficient, and seamless digital transactions.

Through these investments, the company says it has contributed to improving payment acceptance across sectors while helping merchants and enterprises optimize their operations.

Speaking during the launch of the report, Managing Director of HabariPay, Eduofon Japhet, emphasized that the company’s impact extends far beyond financial performance.

“As a technology-driven company, we believe that impact extends beyond financial performance. It is reflected in the businesses we enable, the merchants we support, the infrastructure we build, and the opportunities we create for the next generation of innovators.

The HabariPay Impact Report 2025 captures this journey and demonstrates our commitment to creating sustainable value for customers, partners, and the broader economy,” she said.

Japhet noted that the report showcases the deliberate investments made by the company in building sustainable payment infrastructure, empowering businesses, fostering innovation, and creating long-term value for stakeholders.

“The HabariPay Impact Report 2025 represents more than a reflection on our achievements; it is a testament to the deliberate investments we have made in building sustainable payment infrastructure, empowering businesses, fostering innovation, and creating long-term value for our stakeholders.

As we look ahead, we remain committed to expanding our capabilities, deepening our impact, and shaping the future of digital payments through technology-driven solutions that are secure, scalable, and inclusive,” she added.

Beyond its commercial achievements, the report underscores HabariPay’s commitment to innovation and talent development.

It highlights initiatives such as the Take on Squad Hackathon and Squad Hackademy, programmes designed to nurture emerging technology talent, encourage problem-solving, and accelerate the development of innovative solutions to real-world challenges.

The company noted that these initiatives are helping to build a pipeline of skilled technology professionals while fostering a culture of innovation within Nigeria’s growing digital economy.

Looking ahead, the report outlines HabariPay’s strategic vision for the future, including continued investments in payment infrastructure, merchant-focused solutions, digital innovation, and intelligent technologies expected to shape the next generation of financial services.

HabariPay operates as the fintech arm of GTCO, one of Africa’s largest financial services groups with operations and investments spanning ten countries across Africa and the United Kingdom. Licensed by the Central Bank of Nigeria (CBN), the company provides technology-driven solutions that support small and medium-sized enterprises, micro-merchants, large corporations, and other fintech companies.

Its portfolio includes Squad, a full-scale digital payments toolkit that simplifies online and in-person transactions; HabariPay Storefront, an e-commerce platform; value-added services that provide flexible airtime and data solutions for merchants; and switching infrastructure that helps technology-focused businesses improve transaction efficiency and reduce operational costs.

The company’s efforts in advancing digital payment acceptance have earned industry recognition, including Mastercard’s Innovative Mobile Payment Solution Award at the Technology Innovation Awards (TIA) 2022 for its SquadPOS solution.

Stakeholders, partners, customers, and members of the public can access the HabariPay Impact Report 2025 through the company’s official platform.