[Transcript] #75: eTranzact - How Nigeria's pioneering payments and switching platform is serving businesses and governments across Africa
Transcript for episode recorded Feb 11, 2024
Hello,
Sharing the transcript of the eTranzact episode.
eTranzact was founded in 2023 and is Nigeria's first payment and processing switch. More notably, it is one of only 6 IT companies listed on the Nigerian Stock exchange. When it was founded in 2003, eTranzact made it possible to deposit and withdraw in bank branches other than where your account was domiciled.
You can listen to the episode again here. Transcript is below
Warm regards,
Bankole.
[00:00:00] Olumide Ogunsanwo: Today, we're going to explore eTranzact, the African payments and switching platform. We'll discuss the story across the following areas. First, we'll give some context about Nigerian payments. Second, we'll discuss eTranzact's early history. Third, it's product and decision strategy. Fourth, it's competitive positioning. And then fifth, we'll end with our views on its overall outlook. This episode was recorded on February 11th, 2023. eTranzact.
[00:00:20] Bankole Makanju: Or Super Bowl Sunday or AFCON Finals Sunday. It's a big
[00:00:24] Olumide Ogunsanwo: day. Last year or two years ago, I didn't even know it was Super Bowl. This time I know because someone invited me to a party.
[00:00:31] Olumide Ogunsanwo: So I'm going to a Super Bowl party. Very exciting.
[00:00:33] Bankole Makanju: Olumide doesn't watch any sports, guys.
[00:00:34] Olumide Ogunsanwo: But yes, I don't and I have no interest. I don't care who wins Super Bowl. I don't care AFCON who wins. As long as no one gets angry at me. I'm fine. Thanks for leading with
[00:00:42] Bankole Makanju: that on, on,
[00:00:43] Olumide Ogunsanwo: on eTranzact, eTranzact, a corporate speak.
[00:00:48] Olumide Ogunsanwo: This is on the website. I'm on the LinkedIn page. eTranzact is Africa's premier ePayment solution provider, delivering electronic transactions, switching and payment processing solutions across POSs, the web, mobile, ATMs, and cards, a mouthful, a lot. It sort of makes sense.
[00:01:05] Bankole Makanju: Nigeria's leading payment and switching company powering payments and collections for governments and businesses licensed by the Central Bank of Nigeria.