Guaranty Trust Bank (GTBank) Limited has reinforced its commitment to supporting businesses with cost-effective payment solutions by removing processing fees on all its Point-of-Sale (POS) terminals.
The company said this became effective Tuesday, February 11, 2025.
With this development, all merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers.
With this initiative, all qualifying SME Merchants can now receive payments at zero cost, allowing them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.
The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency.
For more information, merchants are encouraged to contact their Relationship Managers or reach out to the Digital Banking Support Team at [email protected].
“At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem.
“By implementing the zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive, whilst also ensuring a more seamless and efficient payment experience,” the Managing Director of GTBank, Ms Miriam Olusanya, said.