By Elizabeth Adegbesan  

The Chief Executive Officer of  eTranzact,  said the Fintech company has its sight on offering   full service  switching, merchant marketplace play, and direct to consumer play   as a strategic vision for its future growth.

Toluwalope disclosed this during the Nigerian   Exchange   Limited (NGX) “Facts Behind Figures” webinar, where eTranzact’s financial performance and strategic direction of the company’s “ENGAGE and WIN” strategy were laid out to investors and stakeholders.

NGX Managing Director/Chief Executive Officer, Mr. Jude Chiemeka, commended eTranzact’s management, highlighting the importance of such events in bolstering investor confidence through transparency and accurate information.

In his presentation, Toluwalope revealed eTranzact’s impressive  transaction growth, citing a transaction volume of N79 trillion in 2023, a 40 per cent increase from the previous year.  

He emphasized the  company’s consistency in transaction processing, boasting a 99.5 percent success rate and a maximum processing speed of 1.2 seconds per transaction.

The Chief Financial Officer, eTranzact Plc, Emmanuel Ogunji, provided further insights into the company’s financial health, reporting significant growth  

in cash and cash equivalents from N11.5 billion in 2022 to N19.6 billion in 2023.

  He also highlighted a gross revenue growth of N33.9 billion, a 50 percent increase, and a net revenue of N9.2 billion, a 51 percent rise from 2022.