Lagos, Nigeria – February 12, 2025 – Guaranty Trust Bank Ltd (GTBank) has announced the removal of processing fees on all its POS terminals, a move aimed at easing operational costs for businesses and promoting seamless transactions.
Effective February 11, 2025, merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers. This initiative primarily benefits SME merchants, allowing them to process payments at zero cost, enhancing their profitability and customer experience.
Miriam Olusanya, Managing Director of GTBank Nigeria, described the move as part of the bank’s broader strategy to support businesses with innovative financial solutions.
“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 ensuring a more seamless and efficient payment experience,” she said.
The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to drive financial inclusion and support business growth through cost-effective digital banking solutions.
For further inquiries, merchants are encouraged to contact their Relationship Managers or reach out to the Digital Banking Support Team at poshelpdesk@gtbank.com.
About GTBank
Guaranty Trust Bank (GTBank) is a leading financial institution committed to delivering innovative banking solutions that empower businesses and individuals. With a strong focus on technology and customer satisfaction, GTBank continues to redefine the banking experience across Africa and beyond.
