Nigeria-based, payment processing platform, eTranzact, has posted N168.1 million ($844.2K) in profit after tax (PAT) for the first quarter of 2015.

A report on TechMoran quoting figures from the Nigerian Stock Exchange reveals that eTranzact almost doubled its profit from the Q1 2014 with a 91% swell in profit.

eTranzact recently partnered up with Nigeria’s electronic wallet startup, SimplePay in a deal that will enable SimplePay users send money to users on e-Tranzact’s mobile money platform, PocketMoni.

A similar agreement was also signed with MasterCard during the last Mobile World Congress that allows eTranzact’s PocketMonie users receive remittances directly into their mobile money wallet through the international transfer hub called, HomeSend.

Source: TechMoran

Image source: vectorsbook

Bolade Popoola Author

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