GTBank becomes the first bank to introduce MasterCard in Uganda

Guarantee Trust Bank is officially the first bank in Uganda to issue the Internationally branded and accepted MasterCard chip and Pin Cards which are known as smart cards. The Bank officially launched their new service at the Uganda Golf Club in Kampala in a colorful ceremony that was crowned off with a Masters Golf Tournament.

The MasterCard which has the Chip and Pin Cards makes GTBank Uganda offer their customers a more secure alternative to traditional magnetic stripe payment Cards as they contain an embedded microprocessor, which contains the information needed to use the Card for payment and is protected by various security features.

“The MasterCard is accepted currently in over 200 countries and because everyone is bringing VISA, we wanted to bring an even much better experience to Uganda. We are bringing superior services closer to our clients and as soon as you open an account, we make you a global citizen. We are the only bank issuing MasterCard in Uganda”, noted the GT Bank Managing Director Mr Olufemi in a media brief

GTBank Uganda will offer four (4) card types listed below;

MasterCard UGX Debit Card – This will be linked to customer’s’ bank account held with the bank.

MasterCard Dollar Debit Card – this will be linked to customer’s dollar account held with the bank.

MasterCard Platinum Card – this is a UGX card that will target the high networth individuals who will be privileged to MasterCard emergency services i.e. emergency card replacement and lost or stolen reporting wherever the customers destination at time of loss.

MasterCard Prepaid Card – to cater for all the non-account holders as one doesn’t need to have an account with GTBank to qualify for this product. This particular card can be used as corporate card, travel card, fuel card, normal everyday card, etc.

With the introduction of MasterCard by GTBank Uganda, its customers will have a simple alternative to cash payments therefore eliminating the need to carry large sums of cash.Customers will have International Acceptance at MasterCard acceptance points, Access to MasterCard Global Service (24 Hour service through which you receive emergency assistance by telephone) for Platinum card holders

To get yourself a MasterCard and use it smoothly, here are the offers from GTBank Uganda that you might want to off;