ASHENEWS reports that Nigeria’s Guaranty Trust Bank (GTBank) will suspend international transactions on its Naira Mastercard from Saturday, December 31, 2022.
A statement to its customers on Thursday, the bank said customers will not make international transactions on automated teller machine (ATM) and point of sales (POS) using their naira Mastercards.
“We write to inform you that you will no longer be able to use your naira Mastercard for international online and POS transactions effective 31st December 2022.
“Kindly note that you can use your GTBank dollar card for all your international spending requirements,” the statement reads.
According to the bank, it’s dollar card allows a daily $1,000 (or equivalent in the transaction local currency) withdrawal limit on ATM transactions, adding that there would be no withdrawal limit on “annual spend and POS transactions” for the dollar cards.
