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Guaranty Trust Bank Ltd. (GTBank) has announced the removal of processing fees on all GTBank Point of Sale (POS) terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions.
Effective February 11, 2025, merchants using GTBank POS terminals will no longer be charged Merchant Service Charges (MSC) when receiving payments, enabling businesses to reduce operational costs and enhance customer experiences.
Boosting SMEs with Cost-Free Transactions
This initiative is particularly beneficial for SME merchants, who can now accept payments at zero cost, allowing them to reinvest savings into business growth while offering seamless transactions to customers.
GTBank’s Vision for Business Empowerment
Speaking on the initiative, Miriam Olusanya, Managing Director of Guaranty Trust Bank Nigeria, highlighted the bank’s commitment to adding value to the financial ecosystem:
“At Guaranty Trust Bank, we continuously seek ways to support businesses. By implementing zero processing fees on POS transactions, we empower merchants to receive the full value of their payments while enhancing efficiency in digital transactions.”
Driving Innovation in Financial Services
The Zero Processing Charge campaign aligns with GTBank’s broader strategy of equipping businesses with innovative financial solutions that drive growth, efficiency, and financial inclusion.
By eliminating POS transaction fees, GTBank strengthens its position as a customer-centric bank, dedicated to reducing financial burdens on businesses while promoting digital payment adoption across Nigeria.
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