Nigerian technology outlet TechNext24 has published a story on HabariPay under the headline "HabariPay's big break." The version of the article syndicated to this feed contains only the outlet's newsletter boilerplate and no additional reporting, so the specific nature of the development has not been disclosed in the material available here. The original story can be found at TechNext24.

Background on HabariPay

HabariPay is the fintech subsidiary of Guaranty Trust Holding Company (GTCO), one of Nigeria's largest financial services groups. GTCO adopted a holding company structure in 2021, a restructuring that allowed the group to establish subsidiaries focused on areas beyond traditional commercial banking, including payments.

The subsidiary's flagship offering is Squad, a digital payments and commerce platform aimed primarily at small and medium-sized enterprises as well as individual merchants. Squad enables users to accept payments, create payment links, and conduct business online, positioning it within Nigeria's highly competitive digital payments market alongside players such as Paystack, Flutterwave, and Moniepoint.

HabariPay is headquartered in Lagos, Nigeria's commercial capital and its principal technology and financial hub. The company has also been visible at GTCO's public events, including the group's annual food and drink festival, where it has provided payment infrastructure for participating vendors.

Further details on the development referenced in the headline are expected to be available in the full article at the source.