Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company Plc (GTCO), has launched its new 737 mobile banking application, introducing phone number-based accounts, free virtual Naira Mastercard and other digital payment features aimed at improving banking convenience for Nigerians, particularly young customers. The application, unveiled on November 11, 2026, is designed to reflect changing financial habits and the growing preference for mobile-driven banking services.
One of the major features of the application allows customers to use their registered mobile phone numbers as account numbers, eliminating the need to memorise or share their conventional bank account details when receiving transfers. The platform also provides a free virtual Naira Mastercard that enables customers to make online payments on international platforms, including Amazon, Netflix, Spotify and AliExpress. Its Scan to Pay feature further simplifies transactions by allowing users to scan payment details instead of manually entering account numbers, helping to reduce errors and improve transaction convenience.
Beyond digital payments, the 737 App incorporates savings tools to help customers plan towards their financial goals, alongside instant loan facilities for eligible users. Customers can also purchase airtime and mobile data, pay utility bills and manage other everyday financial transactions directly from the application. According to the bank, both new and existing customers can complete digital onboarding to access the platform, which is available for download on the Google Play Store and Apple App Store.
Commenting on the launch, GTBank’s Managing Director, Miriam Olusanya, said the application was developed in response to the evolving relationship younger generations have with money and financial services. She noted that young Nigerians are increasingly technology-driven, digitally connected and intentional about how they spend, save and pursue their ambitions. Olusanya explained that the new platform reflects the bank’s commitment to providing accessible and convenient financial solutions that support the financial aspirations of younger customers. The launch also builds on the bank’s existing GTCrea8 initiative, which provides free banking services to young people, as competition intensifies between traditional financial institutions and digital banking platforms for customers in Nigeria’s expanding fintech ecosystem.