GTBank announces zero processing fees on POS to support businesses
All qualifying SME Merchants with GTBank can now receive payments at zero cost, as Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals.
This decision which reinforces the bank’s commitment to supporting businesses with cost-effective payment solutions, is aimed at allowing them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.
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.
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.
Do you have a compelling story to tell? Contact us via our email: espinewsng@gmail.com or call/WhatsApp on 08032519246.
