LAGOS – Guaranty Trust Bank (GTBank) Plc says it is partnering with Forte Oil Plc, to further the cause of its recently launched “GTExpress”.
GTExpress is a comprehensive Agent Banking Service as part of its effort to bring banking services closer to existing and potential customers.
It is a banking service platform through agent locations such as Supermarkets, Schools, Cinemas, Markets, Restaurants and petroleum products marketing outlets.
It is an initiative to reach out to the underserved and unbanked segments of the population in a cost efficient manner through the use of non-banking retail outlets.
The new GTBank agent banking services is in partnership with Forte Oil Plc, a petroleum marketing company.
The bank said in statement on Tuesday in Lagos that the partnership would leverage GTBank capacity to bring banking services further to the masses using Fort Oil’s more than 500 marketing outlets.
It said that the platform would provide such services as account opening, cash deposit and withdrawal through Automated Teller Machines (ATMs), customer enquiries, bills payment and funds transfer.
The statement also said that the agent banking services had already been inaugurated at 14 Forte Oil locations in Lagos.[eap_ad_2]
GTBank had in November 2013, launched the service in Lagos on an experimental basis.
The statement quoted the bank’s Managing Director, Mr Segun Agbaje as saying that “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.
“This is a great step in achieving a more inclusive financial services industry”.
It also said that Mr Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc noted that “we are pleased with the GTBank partnership as it reinforces our vision of being a one stop shop whilst affirming the wide reach of our retail network.
“With this alliance our customers who patronise GTBank Plc will be able to reduce the commuting time and cost in attending to their various needs”.
It added that GTBank had consistently pushed the innovative boundaries to make banking a convenient experience for its customers.
GTBank Plc was established in 1990 and has within the last 24 years come to be recognised as one of the most innovative and service focused banks in the Nigerian financial market space.
Forte Oil PLC is a public liability company listed on the Nigerian Stock Exchange and a petroleum products marketing company with over 500 retail outlets across the nation and Ghana. (NAN)[eap_ad_3]
