Guaranty Trust Bank (GTBank) has introduced the first MasterCard-branded Naira-denominated debit cards in Nigeria. Guaranty Trust Bank in a statement said, “This innovation, which is also an ATM card, is fortified with the Chip and Pin technology and linked directly to the customer’s account. It allows the cardholder to withdraw cash from all automated teller machines (ATMs) that bear the MasterCard logo or stickers and pay for goods and services at MasterCard point of sale (POS) terminals.”
“With this initiative, existing GTBank CashPlus (ATM) cards are being phased out and replaced with the chip-enabled GTBank MasterCard debit (Naira) cards. However, GTBank customers will still be able to use their CashPlus debit card until expiration of their cards”, said Ronke Kuye, General Manager and Head, E-Business at Guaranty Trust Bank, whilst speaking during the card’s launch. “The Naira-denominated GTBank MasterCard debit card is a world class and innovative product that has met the stringent EMV standards and will offer enhanced security and convenience to customers of the bank”. Read the rest of this entry »
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