Five numbers showing how GTCO’s payment strategy is taking shape

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday.

Segun Agbaje, the group chief executive officer of Guaranty Trust Holding Company Plc (GTCO), one of Nigeria’s largest financial services groups, told analysts in 2020 that the group was coming for the payments space. Six years later, GTCO’s numbers show that payments have become a business in their own right—one…