Home Sectors BUSINESS & ECONOMY eTranzact Nets in N5.9trillion Revenue in One Year

eTranzact Nets in N5.9trillion Revenue in One Year

E-payment solutions provider, eTranzact International Plc has announced a revenue of $30 billion, about N5.9 trillion for the financial year of 2015.

The Chief Executive Officer of eTranzact, Valetine Obi, made this known while speaking at a press briefing to unveil a new brand identity for the firm in Lagos.

Obi said, “eTranzact recorded over 110 million transactions valued at over $30 billion in 2015 financial year. We have grown our turnover from N7.1 billion in 2014 to N8.6 billion in 2015, and profit before tax from N0.6 billion in 2014 to N1.1 billion in 2015, signifying a 22 per cent growth in turnover and 76 per cent growth in profit before tax respectively.”

He said eTranzact remains committed to its vision of powering payments for its partners across Africa, adding that at eTranzact, “we believe in using the power of technology to build bridges across continents over the last 12 months, and we will continue to invest in research and build up our capacity to achieve these goals.”




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