In line with the objectives of the "National Payment System Framework and Strategy: Vision 2020" one of the action steps to create a cashless society in Rwanda is to further build the electronic transaction infrastructure in the country and develop policies and guidelines which will be implemented to stimulate investment in and expansion of e-payments and acceptance touch points. The objective is to ensure further penetration of these touch points by encouraging private sector investments in e-payment channels. The consolidated effort of the BNR and banks in implementing the National Payment System Vision 2020 will ensure that the demand for retail electronic transactions is created to justify providers’ investment in the market.
It is in this regard that GTBank Rwanda has put in place various initiatives to enhance our alternative service delivery channels and ensure a cashless society. These include:
- GTBank Automated Payment System (GAPS)
- Internet banking
- Mobile Banking via the Mobile App
- Mobile banking via the USSD platform
- GTBank Collection System (GTCollection)
- Guaranty Trust Bank Notification System (GeNs).
These e-banking services are reliable and flexible ways to manage your finances and banking needs efficiently and conveniently. These platforms ensure customers experience banking from the comfort of their homes, offices or abroad. They allow one to conveniently perform virtually all the bank’s transactions from anywhere. Indeed the future of Banking is in the alternative delivery channels, convenience and ensuring customers have access to banking services 24/7.
MasterCard is a leading global payments provider. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances easier, more secure and more efficient for everyone.
MasterCard not only grants access to an unsurpassed network of merchants, one also gets to experience an array of outstanding features and benefits such as paying for goods and services, making reservations for flights, hotel rooms, rental cards etc. MasterCard has over 40% market share of cards globally.
GTBank Rwanda is pleased to be associated with a leading global payments & technology company like MasterCard. Some of the cards presently available include the GTBank Classic MasterCard debit card, GTBank platinum MasterCard and GTCrea8. The debit card is denominated in Rwandan Francs, but can also be used to settle purchases in all currencies.
MasterCard is accepted worldwide as a means for payment of goods and services at 34 million MasterCard locations and over 2.1 million ATMs in more than 210 countries. The GTBank Rwandan Francs MasterCard card is linked online, real-time to a customer’s account; all transactions done using this card are reflected on the account instantly. The card is capable of making all forms of local and international payments across all channels (ATM, POS, Online). The Platinum Debit MasterCard offers premium benefits to the cardholder beyond the Standard Rwandan Francs MasterCard. These includes a mix of travel benefits, preferential treatments and rewards, higher transaction limits, and access to exclusive products and clubs by partner organizations.
GTCrea8 MasterCard is a variant of the Rwandan Francs MasterCard issued to students of tertiary institutions to give them 24/7 access to their GTCrea8 accounts anywhere in the world. Whether you choose to school in Rwanda or abroad, having a GTCrea8 card simplifies the process of receiving pocket money from parents, guardians or relatives who may be living far away from you. All they have to do is pay Rwandan Francs into the student accounts and with their card, they can carry out transactions on POS terminals, ATMs and online anywhere in the world.
As part of ensuring security on the cards, GTBank Rwanda will soon launch 3-D Secure, an XML based protocol designed to be an additional security layer for online credit and debit transactions. It actually reduces possibility of stolen cards or card data being used in online transactions.