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Guaranty Trust Bank plc, one of Africa’s leading financial institutions, launches Nigeria’s first Virtual Prepaid MasterCard. The virtual payment solution is easily issued via Internet Banking and it makes payment transactions online fast, easy and secure. Segun Agbaje, Managing Director/Chief Executive Officer of GTBank, commenting on the launch stated that “the product (Virtual Prepaid MasterCard) attests to our commitment towards encouraging a cashless culture in our country by promoting the use of alternative payment channels for transacting both locally and internationally. Our desire to be at the frontier of banking excellence enables us to pioneer innovative products aimed at making banking more simple and attractive to the unbanked and unserved.” The GTBank virtual card possesses all the necessary features of its physical card and more. It can be used for online transactions made locally and internationally. Customers can use their virtual card to perform online transactions if/when their physical cards is not easily or instantly accessible, maybe due to loss or theft. The virtual card provides a low cost alternative to having physical debit/credit cards. With the virtual card, customers can decide to replace a misplaced physical card or do without it. Source: BizTechAfrica

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This article was first published on 30th November 2015

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