GT Bank inks card deal with Payments giant EMP

Continental payments giant Emerging Markets Payments, EMP will now handle Mastercard transactions for GTBank (Guaranty Trust Bank), the Nigerian lender that bought out Fina Bank in Kenya.

EMP is a payments processing firm backed by private-equity fund Actis and has grown through acquisitions of payments processors in Africa and the Middle East.

GT Bank said it expects to scale up uptake of its Platinum MasterCard Credit card that it introduced into the Kenyan market in June.

EMP handles payments processing for over 140 banks on the continent and in the Middle East.