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Ecobank Launches New Mobile Application

Business

Ecobank Nigeria limited has launched a state of the art mobile application that is fast and accessible and gives better transaction incentive to the users,

thereby making their banking activities simpler, accessible and cheaper and very responsible.

 

This is part of the bank’s strategy for financial inclusion, enabling more people do banking transactions without necessarily visiting the branches.

 

The Managing Director of the Bank, Mr Charles Kie, who disclosed this in Lagos said with the strategy, the bank hopes to increase its customer base to over forty million in Nigeria in the next five years, which represents forty percent of the one hundred million customers of its target Group.

 

According to Mr. Kie, financial inclusion will allow more people into the banking space, doing their transactions in cheaper and quicker ways.

 

He maintained that the bank has equally taken other significant steps including the ability of every citizen to download the Ecobank mobile application and open an Ecobank Xpress account within minutes on the go while the Ecobank MobileApplication enables customers do instant payments as well as do instant transfers across thirty- three countries in Africa.

 

He reiterated that the Ecobank Application, is the first of its kind in Africa as it has an innovative payment solution while the Ecobank Masterpass allows customers the convenience to pay for goods at merchant locations by simply scanning a QR code on their phones adding that Ecobank now has an enhanced Retail Internet Bankingplatform with much speed, stability and flexibility.

 

On why the bank decided to merge some of its branches, Mr Kie maintained that customers do not need to get to a physical branch before doing their transactions as the bank is making banking as simple as possible, giving the power to customers to do it themselves wherever they are with the mobile technology, which he said made banking cheaper and more accessible as well as empowers the average citizen in the street to do banking without stress.
He said that with the branch merger, Ecobank now boast of four hundred and five branches across the country and supported with top of the range technology application.


Mr. Kie stated that the bank is deploying staff and other resources from the merged branches to other ongoing projects, while also strengthening the existing branches to make them more resourceful and to speed up their daily activities for better performance.

 

It would be recalled that Ecobankclassified as one of the systemic important banks in Nigeria by the Central Bank, had a total asset of over one point -eight trillion naira at the end of 2016.

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