Guaranty Trust Bank (GTBank) has introduced its 737 mobile banking application, a digital platform developed to address the banking preferences and financial needs of younger Nigerians.
The bank announced the launch on November 11, unveiling features designed to make everyday transactions, payments and money management more accessible through mobile devices.
One of the app’s main features allows customers to use their phone numbers as account numbers when receiving transfers. The option removes the need to memorise or provide conventional bank account numbers to people sending them money.
Virtual Mastercard Supports International Online Payments
The 737 App also provides customers with a free virtual naira Mastercard for online transactions.
Users can make payments on international platforms such as Amazon, Netflix, Spotify and AliExpress without needing a physical payment card.
Another feature, called Scan to Pay, enables customers to scan payment information instead of manually entering account numbers when transferring money. The function is designed to simplify transactions and reduce errors caused by typing incorrect account details.
Savings and Instant Loans Included in the Platform
Beyond payments and transfers, GTBank has incorporated savings tools into the application, allowing customers to put money aside towards personal financial targets.
The platform also offers an instant loan facility for customers who meet the bank’s eligibility requirements. However, GTBank has not provided details about the available loan amounts, applicable interest rates or the specific conditions customers must satisfy to access the credit facility.
Customers can also purchase airtime and mobile data and settle utility bills directly through the application.
These services bring several routine banking activities together in one mobile platform, reducing the need to use separate applications for different transactions.
GTBank Says App Reflects Younger Customers’ Financial Habits
GTBank managing director Miriam Olusanya said the application was developed around the ways younger people save, spend and pursue their ambitions.
The launch builds on the bank’s existing youth-focused initiative, GTCrea8, which provides free banking services to young customers.
However, the bank has not specified whether access to the 737 App will be restricted to a particular age bracket or whether all existing customers will be able to use its full range of features.
Application Available on Android and Apple Devices
The 737 App can be downloaded through the Google Play Store and Apple App Store.
Both new and existing customers can complete digital onboarding through the application and begin accessing its banking services.
GTBank’s latest launch comes as Nigerian banks and financial technology companies continue competing to attract younger consumers through mobile banking platforms offering payments, savings and credit services.
The introduction of the app adds another digital banking option to the market as financial institutions expand their efforts to provide services tailored to customers who increasingly rely on mobile devices for everyday financial transactions.
