HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), has achieved impressive financial results in the first half of 2025, showcasing the growing trend of digital payments in Nigeria. The material points to an encouraging trend: more consumers are adopting digital payment solutions, reflecting a shift in the financial landscape.
Company Profit Report
The company reported a profit before tax of N402 billion, nearly doubling its earnings from the same period last year. This remarkable growth reflects a 95% year-on-year increase, highlighting the increasing adoption of digital payment solutions among consumers in Nigeria.
Factors Contributing to Profit Surge
The surge in profits is largely attributed to the convenience and efficiency that digital payments offer, making them an attractive option for both businesses and consumers. As GTCO's core banking operations encounter various challenges, HabariPay's success underscores the effectiveness of the company's diversification strategy into the fintech sector.
In a notable contrast to HabariPay's impressive financial results, MicroStrategy has recently increased its Bitcoin holdings, further solidifying its commitment to cryptocurrency. For more details, see MicroStrategy's Bitcoin Strategy.
