Zest is a fintech subsidiary company of Stanbic IBTC Holding PLC. The company has received it operating license as a digital bank from the Central Bank of Nigeria (CBN). Zest is launched to revolutionise the payment sector and online selling in Nigeria.
Zest was formerly known as Stanbic IBTC Financial Service before it’s rebranded in September, 2023. Zest commerce operations in May, 2023 as a payment service bank immediately it received all the relevant regulatory approvals from the CBN.
According to the Group Chairman of Stanbic IBTC Holding, Basil Omiyi, Zest is launched to become the leading end-to-end financial services provider for businesses and individuals in Nigeria. As a a solution-driven payment platform that allows partners to create a hassle-free integration through it unique API, businesses will be able to offers diverse payment methods to their customers.
Furthermore, Stanbic IBTC’s Zest is dedicated for financial services (which include Banking, Insurance, Pension and Asset Management), liberalize online selling, eliminate barriers, and simplify the process for businesses to establish their online presence.
ALAT by WEMA, HabariPay by GTBank, HydrogenPay by Access Bank are known to be the biggest players in the Nigeria’s Fintech Ecosystem. Now, Stanbic IBTC has joined the crew of Nigerian Banks with Fintech Subsidiaries.
Additionally, Zest will be rivaling with OPay, PalmPay, Kudabank and Moniepoint as a Neobank in Nigeria, and with Flutterwave and Paystack as payment service provider (payment gateway) in Nigeria.
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