GTBank introduces innovative payment solution

…Enables receipt of Western union funds via ATMs

FOREMOST African financial institution, Guaranty Trust Bank Plc., has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria. The service is also available on the Bank’s Internet Banking platform (www.gtbank.com).

The introduction of this service coincides with a time when the need to move money quickly, reliably and much more conveniently across international borders has risen rapidly. This has necessitated an increased demand for digital solutions to aid payments, transfers, and remittances. As a bank renowned for innovative solutions, GTBank takes pride in leveraging technology to make life better for its customers by creating value-oriented products suited to their varied needs.

To receive Western Union funds via any GTBank ATM nationwide, customers simply need to press any key on the ATM; click the Western Union option; agree to terms and conditions; select account type; select the country where the funds were sent from (sending country); and where country is not available, enter the sending country code / ISO Code; enter the expected amount in Naira; enter the GTBank NUBAN account of the receiving party; and enter the 10-digit Money Transfer Control Number (“MTCN”). Upon confirmation of the transaction, the transfer amount will be credited into the receiving GTBank account. This service does not require a GTBank debit or credit card, or a security token device.

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation. The Bank operates from over 230 branches within the country and has banking subsidiaries in Kenya, Rwanda, Uganda, Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.

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