Ecobank Nigeria Launches Digital Banking Platform
Banking Briefs
–
THE Ecobank Nigeria has launched ‘Ecobank MasterPass QR’, a Mastercard global digital system that allows people to pay for services using mobile phones. The bank explained that the new platform will also enable micro, small and medium enterprises, MSMEs, in Nigeria to receive digital payments from millions of customers.
According to a statement, the platform makes electronic payments safe, simple and smart. The bank also said it improves customer experience with a clean front-end design and a built-in sophisticated and secure supporting technology. Payments are made by customers scanning a quick response code displayed at checkouts on their smartphones, or by entering a merchant identifier into their feature phones, it explained.
Charles Kie, managing director, Ecobank Nigeria, said, “The Ecobank Masterpass QR solution leverages smart technology that transforms mobile phones into safe and simple payment tools, and delivers services that will benefit all stakeholders in the payments ecosystem. This new digital platform supports the Central Bank of Nigeria’s Cashless Nigeria and financial inclusion goals. Ecobank Masterpass QR will help our vital MSME sector connect more efficiently to the national and global economy.”
About 96 percent of Nigerian businesses are MSMEs. Despite the major part they play in the nation’s economy, about 98 per cent of MSMEs still do their transactions using cash. “Ecobank is the first to issue Masterpass in Nigeria, which reaffirms our undisputed pioneer position in bringing convenient international digital payments products to delight our customers as we were also the first to issue International MasterCard payment cards in Nigeria, ” Patrick Akinwuntan, Ecobank group executive, Consumer Banking, said.
— Sep 26, 2016 @ 01:00 GMT
|
Related Posts
Ecobank Nigeria launches Super Rewards ‘Millionaire Geng Promo’
ECOBANK Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, has unveiled a deposit mobilisation campaign ‘Ecobank...
Read MoreDiscrepancy in account names delaying Heritage Bank customers’ payment – NDIC
THE Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some...
Read MoreWhy investors will buy Fidelity Banks offers, by capital market stakeholders
FIDELITY Bank Plc started its N127.1 billion combined rights and public offers to a rousing support from the investing public...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.