HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), has launched its maiden HabariPay Impact Report 2025, detailing the company’s growth trajectory, business evolution, and contributions to Nigeria’s rapidly expanding digital payments ecosystem.
The report provides stakeholders with an extensive overview of HabariPay’s journey from a newly established fintech company to one of the country’s leading payment infrastructure providers. It chronicles key milestones, strategic investments, innovations, and business decisions that have fueled the company’s expansion and strengthened its position within the financial technology sector.
According to the report, HabariPay has played a significant role in advancing digital commerce by supporting businesses of all sizes, enhancing payment infrastructure, promoting financial inclusion, and delivering technology-driven payment solutions across the country.
The publication also highlights the company’s strong operational and financial performance, with particular emphasis on the growth of its flagship digital payment platform, Squad. It showcases the development of critical payment infrastructure supporting payment acceptance, switching services, transfers, merchant solutions, and a range of value-added financial services.
Speaking on the release of the report, Managing Director of HabariPay, Eduofon Japhet, stated that the company’s success extends beyond financial achievements.
“As a technology-driven company, we believe that impact extends beyond financial performance. It is reflected in the businesses we enable, the merchants we support, the infrastructure we build, and the opportunities we create for the next generation of innovators. The HabariPay Impact Report 2025 captures this journey and demonstrates our commitment to creating sustainable value for customers, partners, and the broader economy,” she said.
Japhet noted that the report serves as evidence of the deliberate investments the company has made in building sustainable payment infrastructure, empowering businesses, nurturing innovation, and creating long-term value for stakeholders.
She added that HabariPay remains focused on expanding its capabilities and deepening its impact through secure, scalable, and inclusive technology solutions that will shape the future of digital payments and financial services.
The report further highlights HabariPay’s commitment to innovation and talent development through initiatives such as the Take on Squad Hackathon and Squad Hackademy, programmes designed to nurture future technology professionals and encourage the development of practical solutions to real-world challenges.
Looking ahead, HabariPay outlined plans to continue investing in payment infrastructure, merchant-focused solutions, digital innovation, and intelligent technologies aimed at driving the next phase of growth in the financial services industry.
HabariPay is licensed by the Central Bank of Nigeria (CBN) and serves SMEs, micro-merchants, large corporations, and fintech companies with a broad range of digital payment solutions. Its product offerings include Squad, a comprehensive payment toolkit for online and in-person transactions, HabariPay Storefront for e-commerce businesses, value-added services, and switching infrastructure that enables seamless and cost-efficient transactions.
The company has received industry recognition for its contributions to digital payments, including Mastercard’s Innovative Mobile Payment Solution Award at the Technology Innovation Awards (TIA) 2022 for its SquadPOS solution.
Through its flagship platform, Squad, thousands of merchants across Nigeria currently process payments and manage business transactions using services such as SquadPOS, Payment Links, Virtual Accounts, USSD payments, and E-Commerce Storefront solutions.
The HabariPay Impact Report 2025 offers insights into the company’s achievements to date while outlining its vision for driving the future of digital payments and accelerating financial inclusion across Africa.
