eTranzact MD Assures Stakeholders of Higher Returns 


By Goddy Egene

Managing Director/Chief Executive Officer of  eTranzact International Plc, a  multi-application electronic transaction switching and payment processing platform,   Mr. Niyi Toluwalope, has assured stockbrokers, investors and other shareholders of  a brighter future.

Toluwalope gave the assurance while speaking at the Nigerian Stock Exchange (NSE)  when he lead other management staff of the company to the exchange to perform the closing gong ceremony.

He used the opportunity to appreciate the  management of the exchange for the privilege given to him and his company to play the important role, saying the company would deliver rewarding returns to investors.

He said:  “At eTranzact, we are very experienced in processing electronic payment.  The future of eTranzact is bright as investment in it will surely continue to yield rewarding returns. We are sure that all our aspirations will come to realisation.”

Welcoming  Toluwalope and his team  to the  Nigerian bourse, the doyen  of stockbrokers, Mr. s

Sam Ndata appealed to the eTranzact management to come back to the NSE soon for the “facts and figures” session.

According to him,  doing that would further boost the confidence of investors in the shares of the company.


During a meeting  earlier  with the NSE management, the Chief Executive Officer of the exchange, Mr. Oscar Onyema, who was represented by the   Executive Director, Regulation, NSE,  Ms. Tinu Awe  said  that the bourse  was  always happy to welcome its quoted companies.

 He said   such occasions give room for rubbing minds on things that could lead to the growth of the company involved in particular and the aggregate economy  in general.


 The company in July contributed to the efforts to  deepen financial inclusion by expanding its PocketMoni service with 10,000 active mobile money agents, through the Central Bank of Nigeria  (CBN)-funded Shared Agent Network Expansion Facility (SANEF) initiative.

The SANEF initiative is an effort by the apex bank to spur quick growth in the level of financial inclusion through availability of financial access points, especially in the Northern part of the country.

To ensure effective results, eTranzact was certified as one of the 10 mobile money operators and super agents to roll-out 500,000 agent locations within the next 24 months.

Commenting, Toluwalope had said:   “As a global leader in the electronic and mobile payment industry, we are well-positioned to deliver and attain the goals set by the CBN for this project. Over the next 23 months, eTranzact

plans to leverage its Mobile Financial Services Business to deliver an additional 1,000,000 active end-users, by deploying its innovative distribution capabilities anchored on its active agents.”