“Transfers will be the future”: GTCO’s HabariPay expands fintech push with new licences

When fintechs like Paystack and Flutterwave gained prominence between 2016 and 2019 to disrupt Nigeria’s financial sector, traditional banks had to innovate—or risk falling behind. 

GTCO, one of Nigeria’s most profitable banks with a market capitalization of ₦2.07 trillion, was among the first to respond to the fintech disruption. In 2018, it launched Habari, a super-app that…