Ecobank Launches Mobile Banking App


Nume Ekeghe

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

Group CEO, Ecobank Group, Mr. Ade Ayeyemi, unveiled the new product at a huge launch in Lagos at the weekend. The event had in attendance customers, students, professional workers, traders and transporters. Board members, shareholders, Ecobank staff and the media also attended.
Ecobank Mobile App uniquely leverages the power of digital to deliver real convenience to customers, the bank explained.

The Mobile App gives Ecobank the scale and capacity to achieve its 100 million customer ambition in a profitable and sustainable way, it added.

Continuing, Ayeyemi said: “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.”

On his part, Ecobank’s 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, how to send and receive money to merchants using Ecobank Masterpass QR technology. He also showed that opening an XpressAccount was an instant and easy transaction.

Also, 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 to grow their businesses by giving them a convenient and secure way of banking.”

The new platform reduces the need to carry cash. It gives customers the opportunity to deposit money through a mobile transfer.