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HabariPay, GTCO’s fintech unit, plans 200,000 POS terminals in Nigeria after processing ₦80.9tn in 2025, as banks chase merchant payments.
HabariPay is ramping up its merchant payments push in Nigeria. The GTCO fintech unit processed ₦80.9 trillion, about $59.04 billion, in payments in 2025, nearly three times its 2024 volume.
In its annual report, GTCO said it plans to deploy 200,000 Point-of-Sale terminals nationwide. PoS terminals are card payment devices used by merchants and agents to accept transfers and cash-out, similar to a “mini bank counter” on a shop table.
GTCO also said it wants to increase the value of transactions processed through HabariPay’s terminals by 10x in 2026. The company framed the rollout as a way to expand last-mile access, which means reaching customers through nearby agents and small shops, and to support financial inclusion for microbusinesses and SMEs.
The move sits inside a broader shift in Nigeria’s payments market. Large banks are building merchant infrastructure that fintechs have dominated for years, using PoS networks as distribution and customer acquisition channels. Fintech players like Moniepoint, OPay, and PalmPay have scaled nationwide agent and merchant footprints, making PoS a high-volume rail for everyday payments.
For GTCO, a larger PoS fleet can grow fee income from merchant payments and deepen relationships with small businesses, which are often underserved by traditional branches.
For merchants and agents, more competition in PoS supply can mean better pricing, improved uptime, and faster support, although execution will matter. Nigeria’s PoS market is also facing tighter oversight, including rules around monitoring and agent behavior, so scale will need stronger compliance and risk controls.
If GTCO hits its 2026 target, HabariPay could become a bigger on-the-ground rival in Nigeria’s PoS and agent banking race.
Primary Source: Techcabal
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