E-Financial
eTranzact Receives BSI ISO 27001 & ISO 20000 Certifications
eTranzact International PLC, Africa’s premier e-payments solution provider, on Monday received the prestigious BSI ISO 27001 & ISO 20000 certifications from the British Standards Institute – the national standards body of the United Kingdom.
The certifications presented to eTranzact at its corporate headquarters in Lagos- ISO 20000:2011 for Service Management System (SMS) and ISO 27001:2013 for Information Security Management System (ISMS) are the World’s highest standards of information security and service delivery, demonstating eTranzact’s commitment to a world-class, customer-oriented service culture and environment.
Presentation of the certification was done by a team led by Mr Ahmed Basher MBE’, acting deputy British High Commissioner, who congratulated the CEO, management and staff of eTranzact for joining the class of International organisations with these certifications.
He said; “eTranzact with the ISO 20000:2011 for Service Management System (SMS) and ISO 27001:2013 for Information Security Management System (ISMS) standards has increased its comparative advantage in its industry as well as joined the class of international organisations with these certifications.
To achieve certifications of these standards, a company must show a continuous structured commitment towards assessing security risks and managing sensitive information.
eTranzact clearly demonstratees that they are operating at this level and meets the needs of their customers.
“The ISO certifcations are a testament to eTranzact’s focus in adopting and implementing global and best practices to ensure effectiveness, efficiency, confidentiality and integrity in its day to day operations. This marks the beginning of a new journey for the company,” he attested.
While receiving the certificates, Mr Valentine Obi, CEO/Founder, eTranzact said: “We are deeply honoured to be awarded the BSI ISO 27001 & ISO 20000 certifications, a clear demonstration of our unwavering commitment to establishing a world class customer-oriented service culture and high standards of information security.
“The BSI ISO 27001 & ISO 20000 certifications are in line with our values on security and excellence, and we believe they will increase the confidence of our partners across our business lines.
“At eTranzact, we are committed to providing simple technology to power all forms of payment and will continue to ensure our products and systems meet our customer needs”
The process was anchored by a management systems consulting organization, Afenoid Enterprise Limited, which helped with the planning, establishment and implementation of a Service Management System, (SMS) to foster business value for stakeholders and an Information Security Management System,( ISMS), to preserve the value of the business.
eTranzact International PLC sits at a very critical place as the connection between users and business partners(Banks, Government and private companies) on products like:
Business to Business (B2B)
– Mobile banking: Disruptive Banking apps for 50% of Nigeria’s banking space.
-Corporate Pay: Enabling organisations to do bulk payments to bank accounts and mobile wallets across different industries; from health payment initiatives for UNICEF to staff salaries for 100,000s of thousands of Nigerian Police officers.
-JusTopUp: USSD and app based topUp engine for Banks and Telcommunication companies
-eTranzact Strong Authentication (ESA): Securing payments with a soft token that is truly seamless.
-ATM Cardlex Cash: Pioneering cash withdrawals at ATM without cards from Bank accounts and mobile wallets.
-ATM Payoutlet: ATM bill payment solutions for banks
-Webconnect+: Web payment gateway that allows payment from debit cards online.
-Debit and Prepaid Master Card: Card solutions for Banks, government and businesses.
Business to Consumer (B2C)
-PocketMoni: At the forefront of driving cashless transactions and mobile money in Nigeria, PocketMoni has over 4 million users and 8,000 agents.
-BankIT: Elimination of paper, cash and cards for transactions at point of sale, whether online or at physical locations. BankIT works directly with a customers’ bank accounts accessible through multiple channels – Web, Mobile, and USSD.
-Payoutlet(Consumer): Direct consumer top up to mobile phones, direct payments to billers across telecommunications, CableTV, Airline, Online betting, religious bodies, etc., and funds transfer to bank accounts and mobile wallets.
eTranzact recently announced a corporate rebranding and strategic repositioning across its markets.
These have distinguished eTranzact as Africa’s premier e-payments solution provider delivering electronic transaction switching and payment processing solutions across POS, web, mobile, ATMs and cards.
With operations in various countries, eTranzact’s multi-application and multi-channel electronic transaction switching and payment platforms has won numerous awards.
Setting the pace for payment solutions since inception in 2003, it has today evolved into a brand with global reach extending its innovative services to cut across different sectors.
Debt Management Office (DMO) said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter of 2026.
The office disclosed the data in its latest domestic debt service report for Q1 2026.
The figure comprises N2.97 trillion in interest payments and N169.68 billion in principal repayments.
The agency said in January, the government spent N741.82 billion on domestic debt service, while the figure rose to N967.67 billion in February.
Debt service increased further to N1.43 trillion in March, bringing the total for the quarter to N3.14 trillion.
The March figure was 47.7 percent higher than the N967.67 billion recorded in February and 92.7 percent above the N741.82 billion spent in January.
Also, the debt office said interest payments accounted for about 94.6 percent of total domestic debt service during the quarter.
The DMO said treasury bills accounted for the largest share of interest payments at N1 trillion, while interest on federal government bonds stood at N1.96 trillion.
The agency said the government also paid N4.24 billion in interest on FGN savings bonds during the period.
The DMO said the principal component of the debt service comprised N169.68 billion in repayments on local-denominated promissory notes.
Overall, the government’s domestic debt service rose sharply through the quarter, with March accounting for almost half of the N3.14 trillion spent between January and March.
Nigeria’s public debt increased by 0.01 percent to N159.35 trillion in the Q1 of 2026.
Interswitch Group, an integrated digital payments and commerce company, together with global banking software provider, Temenos have reassured the Central Bank of Nigeria (CBN) of their commitment to advancing the modernisation of Nigeria’s financial services sector.
Interswitch and Temenos had earlier in June announced a strategic partnership across Africa which would see Interswitch leverage Temenos solutions – across core banking, digital banking, payments, wealth management and financial crime mitigation – to provide cloud-hosted and on-premises managed services to banks and financial institutions across Africa.
This will enable institutions to progressively transform their banking platform and evolve to more customer-centric business models. The service will initially support key African markets including Nigeria, Ghana, Côte d’Ivoire, Kenya and others.
The recent regulatory visit to CBN headquarters in Abuja, was led by the Founder and Group Chief Executive Officer of Interswitch, Mitchell Elegbe, and Managing Director for the Middle East and Africa (MEA) at Temenos, Santhosh Rao, as part of the ongoing efforts by both organisations to deepen collaboration with Central Banks across the African region on the future of digital banking infrastructure across Nigeria and key African markets.
Discussions centred on the strategic partnership between Interswitch and Temenos, and how it will enable Nigerian financial institutions to progressively modernise their core banking platforms and transition to more customer-centric business models.
The two organisations also explored opportunities to work with the CBN in charting new frontiers in Central Bank Digital Currency (CBDC) innovation, leveraging resilient financial networks and decentralised application platforms to support the issuance and management of CBDCs.
Commenting on the visit, Elegbesaid: “Our partnership as Interswitch with Temenos and our continued engagement with the Central Bank of Nigeria reflect a shared commitment to building banking infrastructure that is resilient, inclusive, and ready for the next phase of Africa’s financial evolution.
We are proud to be at the table as these conversations shape the future of digital banking technology and innovation across key Africa markets…”
The Bank of Industry, through BOI Financing SPV Plc, has opened subscriptions for its inaugural Series 1 Fixed Rate Bond worth up to N250bn under its $1bn multi-currency instruments programme, seeking to raise long-term capital to finance businesses across Nigeria’s priority sectors.
The offer, which opened on 5 August and closes on 11 August, is being arranged by Chapel Hill Denham as the lead issuing house. The five-year bond is priced within a yield range of 17.35 per cent to 17.50 per cent and will be listed on the FMDQ Securities Exchange.
According to the offer document, proceeds from the issuance will be deployed to finance eligible businesses and projects across sectors, including agriculture and food processing, healthcare, engineering and technology, renewable energy, petrochemicals, oil and gas, creative industries and solid minerals, in line with BOI’s development finance mandate.
The lender said the financing is expected to improve access to medium and long-term funding for Nigerian enterprises, expand productive capacity, create and preserve jobs, deepen local value addition, support import substitution, boost exports and strengthen domestic value chains.
BOI, Nigeria’s foremost development finance institution, said it has provided funding to more than one million businesses across the country and disbursed over N1.27tn between 2023 and 2025. The institution operates across 34 states and the Federal Capital Territory and is jointly owned by the Ministry of Finance Incorporated and the Central Bank of Nigeria.
The bank also highlighted its financial performance, reporting a 36 per cent compound annual growth rate in gross earnings between 2021 and 2025.
Interest income rose 64 per cent to N884bn in 2025 from N538bn in the previous year, while its capital adequacy ratio stood at 39 per cent, nearly four times the regulatory minimum of 10 per cent. Its non-performing loan ratio was 1.7 per cent, below the CBN’s prudential limit of five per cent.
The bond has been assigned AAA ratings by Agusto & Co. and Intelligence Africa, reflecting the issuer’s strong capitalization, profitability, liquidity and ownership structure.
The issuance is open to institutional and qualified investors with a minimum subscription of N5m and additional investments in multiples of N1m. Interest will be paid semi-annually at a fixed rate, while principal repayment will begin in the third year through equal semi-annual amortised instalments until maturity in 2031.
The bond is also exempt from tax, making it an attractive investment option for investors seeking stable returns amid expectations of declining interest rates.
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