Towards achieving a more inclusive financial services industry, Guaranty Trust Bank plc has launched its “GTExpress” service; a comprehensive agent banking service that allows customers access financial services at convenient locations.
The GTExpress service is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to the underserved and unbanked segments of the population through the use of non-banking retail outlets.
These non-banking outlets (agent locations) will provide banking services such as Account Opening (Instant Accounts),Cash deposit and Withdrawal via ATMs, Customer Enquiries, Bills payment, Funds transfer services (local money value transfer) and other activities as the Central Bank of Nigeria may prescribe from time to time.
According to the MD of GTBank; Segun Agbaje “The unbanked sector of the economy presents a significant growth area for banks in emerging markets. Our objective is to offer banking products and services to this segment via non-banking outlets thus breaking down barriers to financial inclusion such as accessibility and cost”.
