Lagos, Nigeria – February 12, 2025 – Guaranty Trust Bank Ltd (GTBank) has announced the removal of processing fees on all GTBank POS terminals, allowing merchants to receive payments without incurring Merchant Service Charges (MSC). This initiative, effective from February 11, 2025, aims to ease financial burdens on businesses, particularly small and medium-sized enterprises (SMEs).
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With this move, qualifying SME merchants using GTBank POS terminals can now process payments at zero cost, helping them reduce operational expenses and improve profitability. The initiative is also designed to enhance customer experience by making digital payments more accessible and seamless.
Miriam Olusanya, Managing Director of GTBank Nigeria, emphasized the bank’s commitment to business growth, stating:
“At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem. By implementing zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive while also ensuring a more seamless and efficient payment experience.”
Empowering Businesses Through Innovation
The Zero Processing Charge campaign aligns with GTBank’s broader strategy to support businesses with cost-effective, technology-driven financial solutions that promote efficiency and sustainability. The bank encourages merchants to contact their Relationship Managers or reach out to the Digital Banking Support Team via poshelpdesk@gtbank.com for more details.
About GTBank
Guaranty Trust Bank (GTBank) is a leading financial institution known for its commitment to innovative banking solutions, customer satisfaction, and digital transformation. With operations spanning Africa and beyond, GTBank continues to redefine the banking experience for businesses and individuals alike.
