Have you heard of Paystack, Flutterwave and other thriving fintechs penetrating the Nigerian market through financial technology innovations?
Guaranty Trust Bank, one of Nigeria s foremost banks, by introducing HabariPay, says HabariPay will compete with fintech companies such as Flutterwave, Paystack, and others.
What is GTBank HabariPay?
GTBank HabariPay was introduced to serve many purposes. It is a product of GTbank that is designed to offer various devices, including bill payments, airtime purchases, fund transfers and merchant payment.
In simple terms, HabariPay is a financial technology subsidiary of Guaranty Trust Holding Company, GTCO.
Users of HabariPay can also link their bank accounts, debit cards or credit cards to facilitate transactions. According to sources, HabariPay provides real-time transaction updates, payments confirmation and electronic receipts.
HabariPay Financial Inclusion Strategies
In a bid to promote financial inclusion, GTBank HabariPay aims to promote financial inclusion, drive digital payments and support businesses. It focuses on individuals, small businesses, and corporations.
By leveraging GTBank’s expertise and network, HabariPay seeks to become a leading payment solution provider in Africa and beyond.
The fintech subsidiary of GTB is set out to simplify transactions for both individuals and businesses, seeking to compete with existing payment platforms like Flutterwave and Paystack.
What are the Basic Features of HabariPay?
Seamless payments that enable users to send and receive funds both locally and internationally. Innovative banking solutions for individuals and businesses across Africa and the United Kingdom. It offers a comprehensive payment network across Africa, giving it a Pan-African reach.
Benefits of Using HabariPay
There are several benefits attributed to using this platform. Some of which include convenience in streamlining payment processes for users; utilises industry-standard security measures to protect transactions; it also provides easy access to payment services for individuals and businesses.
How HabariPay Competes with Flutterwave and Other Fintechs
As a platform that is out to compete with Flutterwave and other fintechs, one can expect even more, which is why the method in which HabariPay uses to compete with other platforms is by offering similar services as theirs, market share and competitive advantage.
Similar Services
Enabling both local and international transactions.Providing digital wallets to store funds for seamless payments
Enable utility bill payments, airtime purchases, and subscriptions.
Market Share
Customer base: GTBank’s existing customer network provides HabariPay leverage.
GTBank’s footprint supports HabariPay expansion in Africa and beyond.
Competitive Advantages
Banking heritage of GTBank’s stability, security, and regulatory compliance.
Integration: seamless integration with GTBank accounts
Leveraging GTBank’s infrastructure for scalability.
GTBank’s HabariPay provides innovative solutions, at the same time embracing strategic partnerships and collaborations.
The platform has an objective of leveraging its extensive network and experience in electronic payments to create a leading payment platform.
