By Ayomide Otitoju
Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, a move aimed at providing cost-effective payment solutions for businesses. The initiative, which took effect on Tuesday, February 11, eliminates Merchant Service Charges (MSC) for merchants using GTBank POS terminals when receiving customer payments.
With this policy, all eligible small and medium-sized enterprise (SME) merchants can now process payments at zero cost, reducing operational expenses while enhancing business growth and improving customer experience.
Commenting on the development, GTBank’s Managing Director, Miriam Olusanya, emphasized the bank’s commitment to adding value to its financial ecosystem.
“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 initiative aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency in Nigeria’s evolving financial landscape.
