Guaranty Trust Holding Company Plc (GTCO) PLC has launched Squad Co which it describes as its new fintech/payment unit.
In a statement, GTCO says that Squad Co is a product of HabariPay Limited – a subsidiary that provides payment solutions to businesses.
“At Squad, we provide business owners with the tools they need to thrive in a digital economy while also promoting their business and introducing them to a market beyond their current reach. We have built a reliable, secure, and affordable payment platform that will make receiving in-person and online payments simpler,” the company stated.
SquadCo services include payment, payment gateway, PoS, and eCommerce. Merchants will be charged a fee of 1 per cent on the transaction amount plus N50. Exceptions may apply in respect of travel and entertainment merchants including but not limited to hotels, restaurants, airlines, etc.
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