In an unexpected move, Guaranty Trust Bank (GTBank) has restricted transactions to well-known fintech platforms, including Opay, PalmPay, and Moniepoint, through its mobile app.

This development has sparked widespread concern among Nigerians, many of whom rely on these platforms for everyday transactions. The sudden restriction has prompted users to seek alternatives, with social media flooded by complaints from customers unable to transfer funds to these fintech providers.

GTBank has not yet issued an official explanation for the decision, leaving many to speculate on the reasons behind it.

These fintech services are essential for millions of Nigerians due to their convenience and low transaction costs, and GTBank’s restriction has raised worries about possible disruptions in the digital finance landscape.

As the situation continues to unfold, customers are eagerly awaiting further clarification from GTBank regarding the future of transactions involving these platforms.