GTCO's HabariPay Posts ₦7.8 Billion H1 Profit as Fintech Subsidiary Becomes Material Earner
Guaranty Trust Holding Company's fintech subsidiary HabariPay has posted a ₦7.8 billion profit for the first half of 2026, representing a 94 percent year-on-year jump. The result signals that fintech subsidiaries of Nigerian incumbent banks are becoming financially material, with HabariPay also deepening its role within Nigeria's core payment infrastructure.
HabariPay: the bank that became your fintech's landlord
HabariPay built its own switch — the infrastructure that routes money between accounts — and quietly connected 12 to 13 Nigerian banks and major fintech companies to it.
That changes the competitive picture entirely. Independent fintechs still depend on banks for settlement accounts and access to payment systems. But now one of those banks is also running the pipes beneath them and competing for the same customers at the surface.
GTCO earns from you twice: once as your infrastructure provider, once as your rival. A 94% profit jump in one half-year suggests that position is already paying. The real question for Nigeria's independent fintech builders is whether they're growing their businesses — or their landlord's.
2 sources
- GTCO’s fintech is moving deeper into Nigeria’s payment infrastructure · thecondia.com · T2
- GTCO posts H1 2026 results as HabariPay’s profit jumps 94% to ₦7.8bn · technext24.com · T2