GTBank Mobile Money and Mobile Banking Nigeria

This service earlier supported MTN in a special way, mentioning the operator for services such as purchase of airtime. This changed and as of April 2013 more operators are mentioned.

Cardless withdrawal at ATMs is an innovation that could help this service become popular, as well as lower the cost of provision.

Any phone can be used, as long as it has SMS, USSD or GPRS services. Non-phone users can also receive money transferred by MobileMoney customers.

The account is accessible from a downloadable application on most smart-phones or Java enabled handsets.

Customers self-register or visit GTBank branches or appointed agents to register. Tiered KYC is supported as follows:

(a) Unbanked: transactions are limited to N3,000 per transaction and N 30,000 per day, but self-registration is possible, supplying name, phone number and date of birth

(b) Semi-banked: Accounts can be upgraded to this status by visiting a bank branch and providing valid ID, in addition to the details earlier provided. Daily transaction limit is lifted to N10,000 per transaction and N150,000 per day.

(c) Fully banked: Daily transactions can be made to a limit of N 100,000 per transaction and N150,000 per day. This requires proof of address and a GTBank account.