Stanbic IBTC Holdings Plc has launched its fintech subsidiary, Zest, aiming to transform the payment sector. During the launch event in Lagos, Group Chairman Basil Omiyi emphasized their vision to become the leading end-to-end financial services provider in the region. Omiyi stressed the strategic importance of fintech in achieving this goal, focusing on creating a comprehensive ecosystem through collaboration with partners.
The bank's approach differs from entering existing markets, as it invites partners to join in developing this ecosystem. Regulatory approvals for the fintech subsidiary were obtained in the first quarter of 2023, marking a significant milestone in their journey.
Managing Director Demola Sogunle highlighted their commitment to leveraging global digitization trends to enhance their value proposition and achieve growth in digital domains. The Chief Executive Officer of Zest, Stanley Jacobs, outlined the platform's innovative approach, emphasizing its mission to democratize online selling by simplifying the process for businesses to establish their online presence through diverse payment methods and seamless integration
