GTP is a Tulsa (US) based company specializing in prepaid card processing, and is approved by both VISA and Mastercard. GTP has more than 700 unique prepaid programs live in Africa and is the de facto market leader.
Card-to-card transactions remain a challenge since VISA Direct™ and Mastercard Send™ are only supported by a few African banks. GTP wishes to offer their associated banks a card-to-card payment service.
Bancore can offer a real-time card-to-card payment switch and FX conversion. The switch is integrated with GTPs technology and supports Visa and Mastercard. As an additional advantage, all banks using this new GTP service, can also access the complete Bancore settlement network.