Zero Processing Fee: GTBank Removes POS Processing Fees to Support Businesses

Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals. This is to reinforce its commitment supporting businesses with cost effective payment solutions.
This initiative took effect on Tuesday, 11 February 2025. It communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers.

This initiative allow qualifying SME Merchants to receive payments at zero cost. Making them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.

The Managing Director, Guaranty Trust Bank Nigeria, Miriam Olusanya noted, “At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem,” she said.

“By implementing the zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive.

“We are also ensuring more seamless and efficient payment experience,” she concluded.

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 here.

About GTBank
Guaranty Trust Bank (GTBank) is a leading financial institution committed to delivering innovative banking solutions that empower businesses and individuals. With a strong focus on technology and customer satisfaction, GTBank continues to redefine the banking experience across Africa and beyond.