Sunday , December 16 2018

$1 billion in deals processed on Ecobank mobile app in Africa

Ecobank Mobile App has actually processed transactions worth over $1 billion.

The Ecobank Mobile App has processed 9 million deals worth over $1 billion because its launch; less than 18 months back.

Ade Ayeyemi, Ecobank Group CEO described that Ecobank’s strategic mission is constructed around utilizing mobile banking to deliver ingenious, effective and affordable services; to those who have normally sat outside of the official economy. The app for that reason goes far beyond the reach of the traditional branch and ATM networks. He noted that they had actually processed nearly as numerous deals on the Ecobank Mobile App in the first couple of months this year as they performed in the 2nd half of 2017.

4 million Ecobank Mobile App users and counting

There are now over < a href=" https://www.cio.co.ke/news/ecobank-mobile-app-reaches-four-million-users-milestone-in-africa/ "> 4 million Ecobank Xpress Account holders on the Ecobank Mobile App and USSD platforms. Other bank customers may onboard the Ecobank Mobile App with their MasterCard or Visa cards; while Ecobank clients do so using their card or retail internet banking qualifications.

Users of the Ecobank Mobile App have the ability to transfer loan instantly within Ecobank in your area or throughout Africa; utilizing Ecobank Rapidtransfer, a special service that is much faster and more economical than competing alternatives. Consumers may also make transfers to other local savings account, mobile wallets and to Visa cardholders utilizing Visa Direct; on the Ecobank Mobile App.

The App provides easy payments utilizing Ecobankpay Scan+Pay through Masterpass, mVisa and Mcash; and has options to pay energy bills, school fees, subscriptions, make contributions, purchase airtime immediately and create payment tokens utilizing Ecobank Xpress Cash to do cardless ATM withdrawals or at an Ecobank Xpress Point (agent areas).

Patrick Akinwuntan, Ecobank’s Group Executive, Consumer Banking says that Ecobank is committed to providing simple access to monetary services for all Africans; leveraging the ubiquity of smart phones via the bank’s Mobile App and at Ecobank Xpress Point agents wherever physical interaction is essential particularly for money deposits.

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