Ecobank Mobile App Processed $1b Transactions

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  • Ecobank Mobile App Processed $1b Transactions

The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed nine million transactions worth over $1 billion since its launch less than 18 months ago.

The Ecobank Group Chief Executive Officer (CEO), Mr. Ade Ayeyemi, said the bank’s strategic mission was built around using mobile banking to deliver innovative, efficient and cost-effective services to those who sit outside of the formal economy, and therefore goes far beyond the reach of the traditional branch and ATM networks. He noted that the bank had processed almost as many transactions on the Ecobank Mobile App in the first few months of this year as they did in the second half of 2017.

‘’Customers can enjoy 24/7/365 access to financial services from the convenience of their mobile devices with the Ecobank Mobile App,” he said, adding that the bank had brought world-class functionality to consumers in the 33 countries in Africa where it operates.With over four million users, the Ecobank Mobile App is available to all, enabling users to open an Ecobank Xpress Account instantly on their mobile device (providing an easy route to financial inclusion for the previously unbanked). There are now over four million Ecobank Xpress Account holders on the Ecobank Mobile App and USSD platforms.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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