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With branches across Africa, E-payments solution provider, eTranzact International PLC saw a gross revenue for the year 2015 of N8.7bn representing a 22% growth compared to 2014 and operating profit grew from N380m in 2014 to N851m in 2015 representing a 124% annual growth.
The firm says its Profit before tax(PBT) grew by 76% from 2014 performance while Profit after tax(PAT) grew by 73% compared to 2014’s performance with mobile banking as a key growth driver.
“Key growth drivers were strengthened collaboration with partner banks in driving mobile banking business; strategic alliances with International money transfer operators which is driving growth of remittance business; alliances with government agencies, parastatals and educational institutions which is driving bulk payments; central collection; and, transaction switching and processing business,” announced the firm.
Speaking on the company’s performance for the period,Mr Felix Ohiwerei, the Chairman of the Board, said “ As a company, we pride ourselves as one of the pioneer organizations in the business of electronic and mobile payment technology in Africa, and as such, we continue to hold ourselves to very high professional, ethical, technical and operating standards. We remained resilient as we improved our business performance whilst managing the impact of various macroeconomic challenges.”
eTranzact recently completed the strategic rebranding of its identity, vision, mission, products and people, reaffirming the company’s leadership position in transaction switching, mobile banking, mobile money, bulk payments, remittances, bills & utilities payments, collections and other payment technology areas and the firm’s founder and CEO, Mr. Valentine Obi promises the firm will continue focusing on innovation and staying committed its mission.
“Key to our growth has been a renewed product and customer focus setting key performance indexes around user experience, platform stability and technology development, and we plan to continue doing this,” he said. “We promise to continue to make payments simple, and innovating and creating solutions that transform the lives of people in Africa”.
