eTranzact Records Increased Profit After Tax Of N168.1 Million

eTranzact International Plc, provider of mobile banking and payments services, has posted a profit after tax (PAT) of N168.1 million in first quarter of 2015.

The results, which were submitted to the Nigerian Stock Exchange (NSE) represents a 91 per cent increase from results posted in the same quarter last year.

Following a very successful financial performance in 2014, the firm has announced significant partnerships with MasterCard, World Remit and other key global players in the payments space.

Chief Executive Officer, Valentine Obi, said: “Our company has experienced consistent growth in revenue and profitability over the past 10 years with transaction activity value, volumes and partnerships also experiencing significant growth in the last three years.

“Key to our growth has been setting key performance indexes around user experience, platform stability and technology development, and we plan to continue to do this.”

eTranzact has also gone ahead strengthen its mobile banking, mobile money, remittance, and corporate pay businesses, making significant investment in technology and product development which have positioned it for further growth this year.

 

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