HabariPay plans 200,000 new PoS terminals nationwide to 10x transaction value in 2026

HabariPay, GTCO's fintech subsidiary, processed ₦80.9 trillion ($59B) in payments during 2025 - nearly triple its 2024 volume. The company now plans to deploy 200,000 new Point-of-Sale terminals across Nigeria, aiming to multiply its PoS transaction value tenfold to ₦12 trillion ($8.76B) annually by end of 2026.

This expansion comes as Nigeria's largest banks race to build merchant infrastructure once dominated by fintechs like Moniepoint and OPay. After seeing how these firms turned PoS networks into profit engines through transaction fees and cross-selling, banks including GTCO and Access Holdings are now heavily investing in their fintech subsidiaries to capture more merchant payments.

HabariPay targets ₦1 trillion ($730M) in monthly payment value by deepening SME and corporate reach through embedded finance and tighter GTCO ecosystem integration. The company posted ₦9.74B profit after tax in 2025 - making it Nigeria's most profitable bank-owned fintech despite Access's Hydrogen processing more overall value (₦85.9T vs ₦80.9T) but earning just ₦1.65B profit.

For SMEs, GTCO's zero-fee PoS offer applies if monthly turnover hits ₦7.5M ($5,474) - below that threshold, standard processing rates apply. With over 5.9 million PoS terminals already active nationwide (fintechs leading), HabariPay's push signals banks are serious about owning the payment infrastructure powering Nigeria's commerce.

Will HabariPay's aggressive terminal rollout and zero-fee strategy for larger SMEs shift the merchant payments landscape away from pure-play fintechs, or will Moniepoint and OPay's established networks prove too strong to displace?

SOURCE: https://techcabal.com/2026/07/07/how-gtco-plans-to-challenge-fintechs-with-200000-terminals/