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I N S I D E
Every great SUCCESS starts with a BIG VISION
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What's yours?
Pg 03
Launch of Minstrels
Pg 06
eTransact continues Profitability
Pg 08
Disrupting The Global Gospel Music
APR 2017
A M O N T H L Y P U B L I C AT I O N O F eT R A N Z A C T I N T ’ L P L C Volume 3, Issue 4
Share Price
Month High Month Low
₦ 5.00 ₦ 5.00
Jan 19 2017 Close Market Cap.
₦ 5.00 ₦ 21.000 Billion
BankIT
The Next Level The first quarter of the year is gone and, while we cannot be completely sure of how the year is going to end, we can at least predict the direction the financial trends are facing already. According to PricewaterhouseCoopers, “The days of oldfashioned centralized IT departments are numbered.” The rise of digital technology has dramatically altered the landscape in the financial-services sector. Banks have started offering financial planning and trading applications through mobile phones and social media and cloud
A MONTHLY PUBLICATION OF eTRANZACT INT’L PLC
APR 2017
technologies are widely accepted. To meet the demands of the new marketplace (offer competitive, feature-laden, welldesigned digital products and services, with a much faster speed-to-market, while lowering costs and continuing to support legacy systems), an IT department has to be flexible, efficient, and responsive. eTranzact predicted the coming trends and decided to go a step ahead with BankIT, which was birthed by a desire to build a payments product that everyone would truly love and easily use; whether as a Bank selling to merchants, a trader in Alaba setting up a website, a web hosting company selling to domain registrants, a payments gateway already deployed on merchant websites, an ecommerce website or as a direct consumer. The goal of BankIT is to eliminate the need to use cards, hardware tokens or visit any bank branches by securely integrating with Banks and allowing customers access their Bank accounts via USSD or BankIT-powered platforms. BankIT has been developed with the philosophy of making payments simple and accessible for Banks, the merchant and the customer. The solution is customized for ease of use and comes with a strong and reliable security mechanism that protects customers against fraud. eTranzact is taking BankIT to the next Level, by discussing the revolutionary product, and the strides the product has taken with partners, shareholders and clients on Monday the 1st of May 2017 at Eko Hotel and Suites by 12 noon.
How to start using BankIT in your APP or on your website A developer, website or app owner can start using BankIT to accept payments by filling a form on BankIT.com.ng and getting all the information needed about the product right on the website.
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The Top Mobile Top-Up
Payoutlet by Marketshare
by the Numbers
DSTV Average Subscriber spend on Payments
Mobile Payments (non DSTV)
Cardlex Volume
Corporate Pay By Marketshare
TRANSACTION TYPE
PocketMoni March 2017 Update
APR 2017
VOLUME OF TRANSACTIONS
VALUE OF TRANSACTIONS
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APR 2017
Launch of Minstrels
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APR 2017
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APR 2017
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APR 2017
eTranzact continues profitability trend with 865.1 million naira PBT in 2016|Proposes 10k dividend Per Share.
eTranzact International PLC, Africa's premier
expanding opportunities within the sector”.
e-payments solution provider has announced a profit before tax of 865.1 million naira and
In 2016, eTranzact completed its strategic
revenue of 10.40 billion naira for the year
rebranding; making key changes to its brand
ended December 2016.
identity, vision, mission, products and people
In a year that was characterized by adverse
helping the company take advantage of
sentiment triggers on the global front, falling
various opportunities.
oil prices and increased macroeconomic
made efforts to align its processes and
challenges, eTranzact was able to grow its
operating standards with global best
revenue from 8.67 billion naira to 10.40 billion
practices achieving the ISO 27001 & ISO
naira, maintaining its 3 year profitability trend.
20000 certifications recognizing service
The company also
delivery and excellence. The certifications Speaking about the financial results, Niyi
were a testament to eTranzact's commitment
Toluwalope, Chief Financial Officer says;
to a world-class, customer-oriented service
“eTranzact continues to ensure it maximizes
culture and environment.
the value of its shareholders and stakeholders. We will continue to invest in our core
eTranzact launched BankIT TM ,a payment
infrastructure to position the company for the
ser vice that allows businesses receive
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APR 2017
payment from bank accounts on Mobile, Web,
pension card with a 4-in-1 value proposition:
USSD and POS without a debit card or
identification, verification, rewards, including
hardware token. In a short time of launch, the
receiving and making payments.
product achieved significant traction, processing millions of transactions for
“Recognizing opportunities for partnerships,
partners like Multichoice( DSTV and GOTV),
improved product focus, continued
Airtel, GLO, Etisalat, Slot, etc and providing the
innovation, drive and commitment to the
engine for millions of customers to pay
company's vision of making payments simple
s u b s c r i p t i o n
u s i n g
helped our company navigate the
*389*9*SmartcardNumber#; buy airtime and
challenging macroeconomic environment in
data *444# for Airtel, *805# for GLO and
2016. We believe some of the strategic
*695# for Airtel, as well as on the web for
investments we have made across our
schools and ecommerce companies.
business in 2016, have prepared us for an even
f e e s
better 2017”, says Valentine Obi, Founder and In partnership with the Nigerian military, the
CEO, eTranzact.
payment technology company also launched a Military pension product which allows over 100,000 retired members of the Army, Navy and Airforce access a biometric military
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APR 2017
Disrupting The Global Gospel Music Status Quo From Nigeria In 2016, I stumbled upon a video of US Army
by the Pew Research center in 2013, there are
soldiers worshiping to a song by a Nigerian
more than 85 million Christians in Nigeria
born Gospel musician, Sinach. The song
belonging to various denominations. The
"Great are you God" is from her 2009 album
numbers of Christians in Nigeria has grown
"From Glory to Glory" and the Soldiers were in
from 21.4% in 1953 to 49.3% in 2010.
tears singing every line of the song and lifting up their hands in prayer. A quick search of this
A very important part of Christianity is a global
song on Youtube would reveal more than 5
practice of singing songs known as “Praise
illegal uploads of the song with views that
and worship”, and apart from having a good
went into millions.
voice, people that are involved in leading this praise and Worship in churches have to have a
A search for Nathaniel Bassey, Sonnie Badu,
certain countenance and connection to the
Glowreeyah Braimah and other gospel
God of the Christian faith, Praise and Worship
ministers on Youtube would also reveal
is so popular in Nigeria, that an
similar results, content with millions of views
interdenominational Praise and Worship
uploaded by fans and pirates not monetized
concert “The Experience” has successfully
or known by the artistes.
held in Nigeria for over 10 years drawing hundreds of thousands of people every year
Nigeria has the largest Christian population of
and attended by global worship leaders like
any country in Africa. According to a research
Don Moen, Cece Winans, Smokey Norful and
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APR 2017
Some of Nigeria's biggest Minstrels with the CEO of eTranzact Donnie McClurkin and Travis Greene.
tackling piracy and providing a multiplatform solution for consuming content,
From Africa to Europe, gospel music from
promoting gospel music and giving more
gospel minsters has filtered into churches,
control to how the gospel minstrels distribute
homes and schools via different unaccounted
their work. The platform gives users access to
sources; illegal CDs, USB devices, monetized
gospel music, videos, concerts and more first
digital uploads by pirates with almost zero
from Nigeria's biggest gospel ministers and
revenue coming back to the artistes who have
eventually gospel musicians worldwide with
invested time and effort in creating the
payments powered by eTranzact's BankIT
content.
service.
A f te r s u cce s s f u l l y b u i l d i n g a m o b i l e
Valentine Obi is a Pastor and Founder/CEO
payments business, Valentine Obi saw a need
of eTranzact International PLC, a payment
and opportunity to eliminate the use of
technology company headquartered in
unconventional means of music distribution,
Lagos.
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APR 2017
proliferation of gospel music in Nigeria, Africa and the World. The Minstrels platform was launched with a website and apps for Android and IOS which account for the highest number of smart phone users in Nigeria. From iROKING to Spinlet to CD Baby and even digital streaming services like Apple music and Sportify, there have been many local and global platforms that have come up to solve the same issues it wants to solve but none with the kind of industry backing and Working 'with Lifetree resources Inc and some
emphasis on giving more power and total
of Nigeria's biggest gospel minstrels;
revenue control to the content creators
Nathaniel Bassey , Frank Edwards, Sammie
themselves.
Okposo, Aity Dennis Inyang, Glowreeyah Braimah, Enitan Adaba, Victoria Orenze,
A great start for the platform has seen over
Olumide Iyun, Nosa Omoregie, Obiora
1000 downloads in 24 hours but the
Obiwon, Eben, Joe Praize, Pat Uwaje-King,
response of the global gospel community and
David Nkennor, Ese Mairo, and Doris
time will eventually determine how much of
'Dumah, the inter denominational Minstrels
the status quo the platform can actually
platform was launched to lead the
change.
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APR 2017
He is one of eTranzact's Product Managers, and was nominated as Mr. eTranzact at the last eTranzact Awards. Kingsley Nnorom is quiet and reserved, and not a lot of people can boast about knowing a lot of things about him. That is about to change though. Five things you did not know about Kingsley are: He schooled in different states in Nigeria, before he finally got a tertiary degree from the Abia State University where he studied Microbiology. His hobbies are Reading and playing games. A further prod revealed that he loves reading any kind of book. If you have exams and you want someone to help you read and explain what the book is saying, look no further. Ask Kingsley! His best food is Afang soup, and he can eat it with anything. Apparently, he can also cook this special delicacy. We wonder how beans and Afang soup tastes though. He has three siblings‌all younger than him. As the first born, he was something of a disciplinarian and a serious child who enjoyed reading newspapers at his dad's side. His hangout spot is Churchill at Lekki. He loves this place because it is football themed and has a live band. He is also passionate about helping the less privileged and tries to
Staff for Focus
April Kingsley Nnorom
do this from time to time.
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APR 2017
She is a very energetic, funny and friendly person. If you know who the grown up version of this picture is, send her full name to Adeyemi.opene@etranzact.com. The first correct answer stands a chance to win free airtime worth N1,000. Terms and Conditions apply.”
Month of May Ronke Arogundade May 1 John Dominic Msen May 6 Olumide Oshuntoyinbo May 12 Ayooluwa Oladimeji May 18 Abimbola Alao May 21
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