July 30th, 2014
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.
NAN reports that 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.
The statement quoted the bank’s Managing Director, 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 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.