eTranzact International Plc, said it will focus on merchant acquisition and direct-to-consumer market to boost operational performance.

The CEO of eTranzact, Niyi Toluwalope stated this at the Company’s virtual Facts-Behind -the-Figures (FBF). Toluwalope highlighted the Company strategy titled ‘Engage and Win’ built on three core pillars; Full-Service Switching, Merchant Marketplace Play, and Direct to Consumer Play.

He revealed eTranzact’s impressive transaction growth, citing a transaction volume of N79 trillion in 2023, a remarkable 40 per cent increase from the previous year.

He emphasised the company’s consistency in transaction processing, boasting a 99.5 per cent success rate and a maximum processing speed of 1.2 seconds per transaction.

Chief financial officer, eTranzact Plc, Emmanuel Ogunji provided further insights into the company’s financial health, reporting significant growth in cash and cash equivalents from N11.5 billion in 2022 to N19.6 billion in 2023.

He also highlighted a gross revenue growth of N33.9 billion, a 50 per cent increase, and a net revenue of N9.2 billion, a 51 per cent rise from 2022, saying that the company’s gross profit for FY 2023 stood at N8.3 billion.

Toluwalope affirmed, “our strategy is to continually engage our stakeholders and win their trust through exceptional service and innovative solutions. We are committed to driving growth and delivering value to our investors.”