E-Tranzact Makes N30tn Data Transactions

The Managing Director/Chief Executive Officer, E-Tranzact, Mr Niyi Toluwalope, while speaking at a press briefing in Lagos, said though the company recorded an increase in revenue in 2018, the high operating cost negatively affected its bottom-line. He said the company was working towards attaining a double-digit revenue growth this year and was working with telecommunications companies and banks to push transactions to achieve the goal. 

Toluwalope stated that the company had a new focus on developing block-chain technology that would enable proper useful data management that could help to predict trends and assist economic decision making. He noted that during the year under review, the board of the company went through a re-organisation to focus on good governance while investing in people, infrastructure and products.