MONROVIA, LIBERIA-Guaranty Trust Bank Liberia (GTBank) and MasterCard have signed a Digital Payment Partnership in Liberia.

The collaboration creates new alternative payment options for transaction other than the usual cash, check and mobile money of which many require physical presence.

GT Bank Head of Digital Banking, Jeremy Yattoh, said:” The approach will ensure convenient, swift and secure transactions for goods and services both online and in store.”

Mr. Yattoh asserted that businesses like supermarkets, schools, stores and hotels, amongst others, can expand their sale point online and via websites where payment can be made conveniently ad securely.

He maintained that the partnership with MasterCard marks a significant milestone in the effort to promote financial inclusion and drive economic growth in Liberia.

The MasterCard payment gateway service offers enhanced security features, including tokenization and multi-factor authentication, to protect customers’ financial data and provide peace of mind during transactions.

Moreover, the partnership will enable GTCO Liberia to leverage MasterCards’ vast network of merchants, empowering local businesses to accept digital payments and expand their customer base.

The GT Bank Digital Boss said:” The combination of expertise and resources aim to accelerate the adoption of digital payments, making it easier and more secure for customers to transact.”

Jeremy Yattoh emphasized the partnership aligns with both institutions committed to providing innovative financial solutions and driving economic progress in Liberia.

Yattoh disclosed that once on boarded to the gateway service, businesses do not have to create physical locations all around at high cost, but can just set up online presence with various delivery options and still reach even more customers, thereby promoting small and medium businesses.

By: Steven Dorbor