Nigerian financial institution, Guaranty Trust Bank plc has launched a Virtual Prepaid MasterCard for its numerous customers to make their online purchases.

The latest development has reaffirmed the bank’s position as a leading provider of e-payment gateway solutions.
The card which is issued instantly via Internet Banking provides an added comfort for security conscious online shoppers who prefer not to use their regular debit/credit cards when making online payments.
In a press release issued by the bank, stated that the Virtual card has all the essential features of a physical card and can be used to make both international and local online payments. It also serves as a fall back option for customers who have forgotten or lost their card, but need to perform urgent online purchases. The introduction of the virtual card has bridged the gap between traditional e-wallets and bank accounts by providing a low cost alternative to physical debit cards. Customers also have the option of converting the virtual card to a physical card.
Commenting on the launch, Segun Agbaje, Managing Director / Chief Executive Officer of GTBank said “This marks another milestone in our quest to make banking more seamless for our customers. As a Bank, we remain firm on our objective to deliver value adding services that are tailored to meet the diverse needs of our ever-growing customer base by leveraging technology to make banking more convenient for all our customers.”
He further stated that “the launch of this product, 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.”

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