Pan African bank Ecobank has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone across its wide network including Zimbabwe. This application comes at a time when Zimbabwean banks have been urged to be innovative to drive a cashless society.
The first unified app to be delivered by any institution for use in 33 countries was unveiled last week in Nigeria.
By Kudakwashe Pembere
In a statement, the Togo headquartered bank said this application helps them attain their target of 100 million customers.
The innovative new platform reduces the need to carry cash. It gives customers the opportunity to deposit money through a mobile transfer
“The Ecobank Mobile App uniquely leverages the power of digital to deliver real convenience to customers. The App gives Ecobank the scale and capacity to achieve its target of attaining 100 million customers in a profitable and sustainable way.
“The new App enables customers to open a new digital account with no more than a few clicks, with no paper references.,” said Ecobank.
“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.
Ecobank’s Group Executive for Consumer Banking, Patrick Akinwuntan weighed in saying this product has come at a time when the bank is pursuing for more solutions to customers.
“This product launch fulfils our promise to create relevant solutions for consumers. With the Ecobank Mobile App, Ecobank customers can now make and receive instant payments across 33 African countries on their mobile devices.
“They can also pay in store with their mobile phones. This is genuine convenience delivered to our consumers,” he said.
At the launch, Mr. Akinwuntan demonstrated how to make a payment, how to send funds, and how to receive money from 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 Kié, said: “Nigeria is a leading hub for entrepreneurship and technology for Ecobank. This is why we chose Lagos as the venue to launch the Ecobank Mobile App. This new product will allow customers in Nigeria and other affiliates across our vast network, to grow their businesses by giving them a convenient and secure way of banking.”