Guaranty
Trust Bank Ltd has announced the removal of processing fees on all GTBank POS
terminals, reinforcing its commitment to supporting businesses with
cost-effective payment solutions.
This initiative, which took effect Tuesday, 11
February 2025, communicates that 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.
Speaking on the initiative, Miriam Olusanya,
Managing Director, Guaranty Trust Bank Nigeria, said: “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 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 poshelpdesk@gtbank.com.
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