eTranzact Deploys Revolutionary Banking Solution ‘ BankIT TM”


Dedicated to making payments simpler and easier for Nigerians, eTranzact has unveiled an outstanding banking product ‘ BankIT TM’. BankIT is an alternative payment option, a gateway that works directly with customers’ bank accounts accessible through multiple channels – Web, Mobile, and USSD.

With BankIT TM, eTranzact aims to eliminate the need to use cards, hardware tokens or visit any bank branches by securely integrating with banks and allowing customers access their bank accounts via USSD or BankIT- powered platforms.

On championing the innovation, Mr. Valentine Obi, Chief Executive Officer, eTranzact said: The product was created following a desire to build a payments product that everyone would truly love and easily use; whether as a bank, a trader in Alaba setting up a website, a web hosting company selling to domain registrants, a payments gateway already deployed on merchant websites, an ecommerce website or as a direct consumer.

“BankIT has been developed with the philosophy of making payments simple and accessible for Banks, the merchant and the customer. The solution is customized for ease of use and comes with a strong and reliable security mechanism that protects customers against fraud. We have launched the product to great success with a few partners, and we are ready to open it up for more people to enjoy”.

Obi added that the product was launched  last year, enabling airtime purchase directly from bank accounts on USSD, *444# , *805# and *695# on Airtel , Glo and Etisalat respectively, with over 500,000 customers using it to date.

Getting Started

Specifically designed for ease of use and with utmost security in mind, this payment mechanism is for anyone with a bank account. BankIT is the cardless future of transactions and it  opens the opportunity for everyone to pay everywhere.

As a developer, website or app owner, you can start using BankIT to accept payments by filling a form on to talk to an eTranzact Payments consultant or send an email to  with your exact product needs.

Where Do I Use BankIT?

With BankIT TM , you can now pay your DSTV subscription directly from your Bank account on USSD via *389*9*SMARTCARD NUMBER#, buy airtime directly via *444#, *805# and *695# on Airtel, Glo and Etisalat respectively or via the JustTopUp mobile app on the Google Play store, buy any mobile device online on and many other partner platforms.