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GTCO’s HabariPay Surges with N2.3 Billion Profit Before Tax in 2023

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In a resounding testament to its robust performance and growth trajectory, HabariPay, the fintech subsidiary of Guaranty Trust Holding Co Plc, announced a remarkable N2.3 billion profit before tax for the fiscal year 2023. 

This impressive figure represents a staggering 147.9% surge compared to the N944.7 million recorded in the previous year, as revealed in the company’s full-year 2023 financial presentation to investors.

The surge in profitability mirrors the exponential increase in revenue experienced by HabariPay during the period under review. According to the 2023 financial report, the fintech company’s gross revenue skyrocketed by an impressive 218%, reaching N4.905 billion compared to N1.542 billion in 2022. This remarkable growth was underpinned by significant advancements across all key income streams.

“Income from Value Added Services saw a remarkable growth of 149%, driven by airtime vending revenue from direct integration with two major Telcos, as well as strategic partnerships with Value Added Service (VAS) aggregators,” the company reported. 

Furthermore, the report highlighted the efficient management of interest expenses, which resulted from monthly overdraft charges on airtime purchases. HabariPay meticulously monitored airtime sales on a monthly basis, ensuring a credit balance on its overdraft account at the end of each month.

Astronomic Transaction Growth

Amidst the intensifying competition in the fintech landscape, GTCo’s HabariPay witnessed astronomical growth in transaction volumes during the year under review. The value of transactions processed on the platform surged by an astounding 8,620%, reaching N12.1 billion from N139.3 million recorded in the preceding year. Additionally, HabariPay’s international payment transactions witnessed a remarkable increase from $175,927 in 2022 to $2.3 billion in 2023, signaling its emergence as a dynamic force in the financial technology sector.

According to GTCO, HabariPay’s rapid growth underscores its commitment to innovation and empowerment in the digital economy. The company’s core operations encompass a wide array of services, including a payment gateway facilitating transactions via virtual accounts, USSD, card, and bank transfer channels. Moreover, it engages in switching verticals, value-added services such as bill payments for airtime vending, and distribution of bulk SMS processed through licensed Value Added Service Aggregators authorized by the Nigerian Communications Commission (NCC).

Evolution and Expansion from Little Beginning

HabariPay’s journey reflects an evolution from its inception as part of GTBank’s Habari super-app in 2018 to its current status as a standalone business entity within the Guaranty Trust Holding Co Plc ecosystem. Originally conceived as a multifaceted super-app offering streaming content and an e-commerce marketplace, Habari struggled to gain traction among digital users. 

However, a corporate restructuring in 2020 led to Habari’s transformation into a separate entity wholly owned by GTBank, signaling the bank’s broader push into digital payments.

With the transition of Guaranty Trust Bank into a holding company in June 2021, HabariPay emerged as a standalone business offering comprehensive payment solutions, an expansive marketplace, and tailored services for small businesses. Its flagship product, Squad, combines a robust payment gateway and e-commerce platform with a Point-of-Sale business, positioning HabariPay as a formidable competitor in the payment gateway sector alongside industry giants such as Interswitch, Paystack, and Flutterwave.

As HabariPay continues to chart its course in the ever-evolving fintech ecosystem, its journey from inception to becoming a standalone entity within the Guaranty Trust Holding Co Plc ecosystem is a testament to its resilience and adaptability. From its humble beginnings as part of GTBank’s Habari super-app to its transformation into a standalone business offering comprehensive payment solutions, the company’s growth underscores its commitment to driving innovation and empowering businesses.

With its flagship product, Squad, combining a robust payment gateway with an e-commerce platform and Point-of-Sale business, HabariPay is poised to carve a niche for itself alongside industry giants. Its journey is not just a story of profits and growth but a testament to the transformative power of innovation and determination in the face of intense competition.

Top Alternative Cryptocurrencies: BlockDAG’s Debut on CoinMarketCap and Its Impactful Display in Piccadilly Captures Attention from XRP and Solana’s Rising Values

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As Solana and XRP set their sights on new price targets, the cryptocurrency market’s enthusiasm is rising, with these digital currencies aiming for unprecedented heights. The investment community is eagerly watching the anticipated rise in Solana’s value alongside XRP’s potential record highs.

Amid this optimism, BlockDAG stands out as a leading alternative cryptocurrency worth investing in. Marking its debut on CoinMarketCap, BlockDAG took center stage on the digital displays at London’s Piccadilly Circus, highlighting its escalating prominence in the fiercely competitive cryptocurrency market.

Analyzing Solana’s Pricing Trends

Currently, Solana trades 30% below its highest levels. Cold Blooded Shiller, a respected market expert, maintains a bullish outlook on Solana, emphasizing its resilience over longer timeframes despite the current downturn. He encourages investors to consider Solana’s broader market potential beyond immediate fluctuations.

Crypto Tony, another well-regarded analyst, notes Solana’s recent pricing volatility, pinpointing crucial resistance at $170.00 and support at $139.50. Despite the recent downward trend, he predicts a possible uptrend and advises investors to wait for Solana to surpass these critical points before entering the market.

XRP Record High Forecast: Projecting Future Price Trends

EGRAG CRYPTO, celebrated for his accurate market predictions, forecasts a significant XRP price rise by September 9, 2024. His prediction is based on a thorough analysis of the 21-day and 55-day Exponential Moving Averages on a two-week chart, noting that these indicators typically signal pivotal market shifts. A recent positive crossover hints at an impending upward trajectory for XRP.

Historically, XRP has achieved remarkable peaks, such as its $3.84 zenith in January 2018, following similar bullish indicators. The current market pattern mirrors those previous cycles, suggesting another possible peak, enhancing investor confidence in XRP’s potential for new record highs.

BlockDAG: Emerging as a Premier Alternative Cryptocurrency

BlockDAG has impressively raised $25.4 million during its presale, demonstrating robust investor interest and confidence in its prospects. Currently, in its 11th presale phase, priced attractively at $0.007 per coin, BlockDAG has already sold over 8.9 billion coins. This significant financial endorsement and investor enthusiasm highlight BlockDAG as a top alternative cryptocurrency to invest in.

To celebrate its CoinMarketCap listing, BlockDAG was prominently featured in London’s Piccadilly Circus, enhancing its visibility and cementing its position within the cryptocurrency community. This high-profile exposure emphasizes the project’s momentum and potential.

Launching on June 1st, the X1 miner app is set to revolutionize smartphone mining. It will optimize energy and data usage and potentially offer a daily yield of up to 20 coins. Paired with a projected 30,000x ROI by 2030, BlockDAG presents itself as an attractive investment in the dynamic world of cryptocurrencies.

Selecting the Ideal Alternative Cryptocurrency

While Solana and XRP continue progressing with rising prices and potential record highs, BlockDAG is swiftly becoming a favored alternative cryptocurrency for investment. Investors are particularly captivated by BlockDAG after its successful $25.4 million presale and the sale of over 8.9 billion coins, underscoring its market promise. Its visibility from the CoinMarketCap listing and the exposure at Piccadilly Circus elevated its profile and highlighted its appeal to investors seeking significant returns. BlockDAG remains a standout choice in the bustling market of cryptocurrency investments.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

20 Best Productivity AI Tools

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Being productive in today’s world turns out to be very hard. However, with the existence of AI, the very nature of the workplace goes through a transformation for the better with solutions that uplift the level of productivity across several tasks. Additionally, for those needing secure and private internet access, especially when accessing cloud-based AI tools, using ExpressVPN for the USA can be essential. A VPN secures your internet connection and ensures that your online activities remain private, enhancing your overall digital security while using these advanced tools. For professionals looking to stay ahead as AI reshapes the workplace, Coursiv offers accredited, gamified micro-lessons in generative AI and other in-demand skills, helping over 1.57 million learners build the practical fluency today’s employers expect.

Below is a list of the top 20 AI tools to boost productivity.

AI Chatbots

Conversational AI chatbots, like ChatGPT, Claude, and Bing AI, are changing customer service and internal communication. Designed with next-generation language models, these tools offer speedy and accurate responses, reducing human involvement in routine inquiries to make communication more efficient.

Content Creation Tools

For people who have to churn out content quickly or face writer’s block, it’s very helpful to have tools such as Jasper, Copy.ai, and Anyword. They assist in the generation of well-written content for blogs and marketing copies by providing natural language, which ensures coherence and relevance.

Grammar and Style Enhancement

Some tools include Grammarly, Wordtune, and ProWritingAid, which help to polish writing further to be clear and grammatically correct. Most of all, these are very useful tools for non-native English speakers and anybody who wants to have their written communications polished.

Video Production and Editing

There is a change in the production of videos with tools like Descript, Wondershare Filmora, and Runway, making it so easy that it leaves the creator without any problem besides concentrating on the quality of the content or storyline.

Image Generation

These are great tools for marketers, designers, or anyone when generating unique visuals. These are the perfect tools that let people turn a description into an image capable of fine details: DALL-E 3, Midjourney, and Stable Diffusion.

Voices and Music

This changes the game in creating multimedia content with tools like Murf, Splash Pro, and AIVA, which develop voice-overs and music so professional it sounds almost real in creating quality audio content to accompany videos, podcasts, and digital presentations.

Knowledge Management

Effective ways of organizing and retrieving information are important in any work situation. Tools for knowledge management, such as Mem, Lorka AI, Notion AI Q&A, and Personal AI, help manage one’s knowledge effectively, thereby making information retrieval fast and intuitive.

Task and Project Management

These things are needed to be more productive in completing projects and tasks. Asana, Any.do, and BeeDone are all infused with AI-driven insights and automation to help the team always know what to work on next and hit project deadlines.

Meeting and Transcribing Assistants

Fireflies.ai, Airgram, and Krisp boost productivity and create an effective meeting environment where one does not have to take notes but focuses on the discussion with real-time meeting transcription.

Scheduling Assistants

Scheduling tools like Reclaim, Clockwise, and Motion can reduce calendar management burden through automation, with the collective calendars of an individual and their team members always optimized to keep everybody in their flow.

Email Management

Better email management could save you hours. There are AI-driven inboxes by SaneBox, Mailbutler, and EmailTree, a spectrum of other inboxes that promise to prioritize important emails and automate routine responses. All these can make emails smooth.

Creative Presentation Development

Powered by AI, tools such as Decktopus, Beautiful.ai, or Slidesgo make it much quicker to assemble a powerful presentation with design and layout process automation so the user can focus on the content.

AI productivity tools are literally changing the landscapes of our work processes by automating most of the routine tasks so we can spend our time on creative and strategic tasks. Such tools will bring massive efficiency gains for the content creator, project manager, or any busy team member. It will reassure one about the quality of the work.

Maximizing Communication Efficiency with Belgium SMS Numbers

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In today’s digital age, the ability to communicate swiftly and effectively is paramount for both individuals and businesses. Particularly for those operating in or connected to Belgium, leveraging local SMS numbers can significantly enhance communication strategies. Here’s an in-depth look at how acquiring a Belgium SMS number like this https://didvirtualnumbers.com/en/virtual-number-of-belgium/ can transform your interaction capabilities, with a special focus on services that allow you to receive SMS online in Belgium.

Why Opt for a Belgium SMS Number?

A Belgium SMS number offers numerous advantages that can facilitate both personal and business communications:

  • Local Presence: Establishing a local presence is crucial for businesses looking to penetrate or expand within the Belgian market. A local SMS number allows companies to appear more accessible and trustworthy to Belgian customers.
  • Cost-Effectiveness: By using a local SMS number, both the sender and recipient can avoid the fees associated with international texting. This is particularly beneficial for businesses that need to maintain frequent contact with local customers or stakeholders.
  • Increased Engagement: Customers are more likely to respond to messages that come from a familiar, local number. This can lead to higher engagement rates, improving customer service and marketing campaign effectiveness.
  • Privacy and Security: For individuals, a Belgian SMS number can serve as a way to keep personal numbers private while still engaging in necessary communications within Belgium.

When looking to buy a Belgium SMS number, it’s important to choose a service provider that ensures reliability and offers robust customer support. DID Virtual Numbers offers seamless service with minimal disruptions, ensuring that you can receive SMS in Belgium without any hitches. Whether for personal privacy or for enhancing business communications, the right provider makes all the difference.

How to Acquire and Use a Belgian SMS Number

Obtaining a Belgian SMS number is straightforward, particularly with services that allow you to buy and manage the number online:

  1. Select a Provider: Choose a reputable provider like DID Virtual Numbers that offers Belgian SMS numbers. Look for providers that allow you to receive SMS online, offering flexibility and ease of management.
  2. Purchase the Number: Typically, providers offer various plans depending on how many messages you expect to send and receive. Select a plan that fits your needs, whether for short-term projects or long-term use.
  3. Set Up and Integration: Once you have your number, set it up to work with your existing communication systems. Many SMS number providers offer integration features with popular CRM software, enhancing your ability to track interactions and automate communications.

Streamlining Communication Across Platforms

Integrating a Belgium SMS number with other communication platforms can streamline your workflow and ensure consistent contact management across all channels. This integration capability is especially beneficial for businesses that utilize multiple platforms to interact with customers, including email, social media, and voice calls. By centralizing communications, businesses can provide a more cohesive customer service experience. Additionally, it enables the automation of responses and notifications, which can significantly reduce response times and improve customer satisfaction.

Innovative Uses of Belgian SMS Numbers

Belgian SMS numbers can be utilized in a variety of innovative ways:

  • Customer Support: Use the number to offer real-time support to customers, sending updates, and resolving issues quickly via text.
  • Marketing Campaigns: Deploy targeted marketing campaigns, promotional offers, or event notifications specifically tailored to the Belgian audience.
  • Verification Processes: Enhance security for online platforms by using the Belgian SMS number for two-factor authentication processes.

Compliance and Regulatory Considerations

When using a Belgium SMS number, it’s also important to consider compliance with local regulations, including data protection laws such as the General Data Protection Regulation (GDPR). Ensuring that your use of SMS services complies with these regulations is crucial for maintaining customer trust and protecting your business from potential legal issues. Providers that offer Belgium SMS numbers should be able to provide guidance on compliance and help you implement necessary measures to safeguard your communications and customer data effectively.

Utilizing a Belgium SMS number provides a competitive edge by fostering better engagement with Belgian contacts and enhancing communication strategies. It’s an investment that offers substantial returns in terms of customer interaction, operational efficiency, and market expansion.

Beat Tekedia Mini-MBA Early Discount Registration and Save

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If you have not registered for the next Tekedia Mini-MBA which begins in June 2024, now is the time to do just that. Beat the early bird and save here. This is the #best school.
 
It remains N90,000 or $170 for the three-month course on business management and leadership where you will learn from more than 90 faculty members. Pick your seat and let us co-learn.

Welcome! Unleash your leadership potential, master business excellence, and embrace transformation with Tekedia Mini-MBA. Join us and experience cutting-edge business management & leadership program: online, self-paced, and world-class. At Tekedia Institute, we co-learn with thousands of professionals and students, from many countries, on the mechanics of business, connecting innovation, growth and operational execution, across market territories and industrial sectors..

Our Faculty members come from Microsoft, Google, Shell, Flutterwave, Nigerian Breweries, NNPC, Jobberman, Coca Cola, PwC, BUA Cement, and other great organizations. Besides pre-recorded courseware, thrice weekly, we hold live Zoom sessions (Tue, Thur and Sat at 7pm WAT) – Prof Ndubuisi Ekekwe, Tekedia Institute Lead Faculty.