Ecobank Boosts Digital Banking With Mobile App

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  • Ecobank Boosts Digital Banking With Mobile App

Ecobank has launched its Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app by any institution for use in 33 countries.

The Group Chief Executive Officer, Ade Ayeyemi, unveiled the new product at a launch in Lagos.

The event was attended by customers, students, professionals, traders and transporters.

Ecobank members of staff, shareholders and reporters were also there.

Ecobank Mobile App uniquely leverages the power of digital to deliver real convenience to customers. The Mobile App gives Ecobank the scale and capacity to achieve its 100 million customer ambition in a profitable and sustainable way.

With a mere click or two on the Ecobank Mobile App, customers can open a new digital account with no paper references.

According to Ayeyemi, “the Ecobank Mobile App opens up opportunities for customers by allowing them to shop, transact and do business without cash”. “At scale, this will be transformational for Africa. Through its purchasing power and Ecobank’s partnerships with Visa and Mastercard, the Ecobank Mobile App will be an accepted means of payment. With its removal of barriers to entry and affordable price points, the Ecobank Mobile App will empower the consumer to be on the move,” he said.

The Group Executive, Consumer Banking, Patrick Akinwuntan, said: “This launch fulfils our promise of creating relevant solutions for consumers. With the Ecobank Mobile App, Ecobank customers can make and receive instant payments across 33 African countries. They can also pay in store with their mobile phones. This is genuine convenience delivered to our consumers.”

At the launch, Akinwuntan demonstrated how to make a payment,  send and receive money to merchants, using Ecobank Masterpass QR technology. He also showed that opening an XpressAccount was an instant and easy transaction.

Ecobank Nigeria’s Managing Director, Charles Kie, said: “Nigeria is a leading hub for entrepreneurship and technology for Ecobank, so this is why we chose Lagos to launch the Ecobank Mobile App. This new product will allow customers in Nigeria grow their businesses by giving them a convenient and secure way of banking.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: samed@investorsking.com.

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