GTB introduces mobile fund transfer platform

Guaranty Trust Bank Plc says it has inaugurated another innovative mobile channel which enables its customers to transfer money to both GTB customers and other bank account holders in Nigeria.

According to a statement by the lender, using mobile phones to dial the short code *737* with details of the amount and account number of the beneficiary, customers can effect money transfer in seconds.

The bank tagged the product '737 transfer service' and said it was another offering pioneered by the bank in the financial industry.

The service, it said, was introduced to build on the success of the bank's 'One Click Top -Up' service, which allows GTB customers to buy airtime on their mobile phones directly from their bank account.

The statement quoted the Managing Director and Chief Executive Officer, GTBank, Mr. Segun Agbaje, as saying, 'We will continue to leverage technology to make banking, especially payments and transfers faster, safer and more convenient for all our customers. This service addresses the electronic banking requirements of our customers, irrespective of their phone type.'

The statement added, 'The 737 transfer service is only available to GTBank customers via their mobile phone numbers registered with the bank and has minimum transfer limit of N1,000 and a daily transfer limit of N20,000.'

GTB was established in 1990 and has within the last 25 years come to be recognised as one of the most profitable, innovative, service-focused and well- managed banks in the Nigerian financial market space. Agency report