Guaranty Trust Holding Company PLC (GTCO) has reported impressive growth in its debit card transactions for the first half of 2025, reflecting a broader trend towards electronic banking in Nigeria. Based on the data provided in the document, this shift is indicative of changing consumer preferences and increased adoption of digital financial services.
GTCO Reports Surge in Debit Card Transactions
In a recent announcement, GTCO revealed that total debit card transactions reached N278 trillion, with local transactions accounting for N245 trillion. This surge indicates a growing preference among consumers for cashless payment methods.
International Transactions Highlight Global Expansion
Additionally, the report noted that international transactions amounted to N334 billion, further emphasizing the bank's expanding footprint in the global market. The significant increase in both local and international transactions underscores the shift towards digital banking solutions as more customers embrace the convenience and security offered by electronic payment systems.
As the uncertainty surrounding Northern Trust's rumored $493 million Bitcoin acquisition continues to dominate discussions, the cryptocurrency market is also witnessing notable developments, particularly with the recent approval of Grayscale's Ethereum Trust ETFs by the SEC. This evolving landscape highlights the ongoing interest in diverse cryptocurrency investment options, including the emergence of 21Shares' Dogecoin ETF and the rising popularity of Floki Inu in the meme coin sector. For further insights into these trends and their implications, see the full article here.
