Towards this goal, the bank is deploying digital products like Omnilite which is an online internet banking platform that provides access to account(s) anywhere around the world, allowing entrepreneurs to perform transactions over the internet through the bank’s secure website, while also providing online real-time account monitoring facility.
Patrick Akinwuntan, the managing director of Ecobank Nigeria, said in a statement that the bank is looking to make banking convenient, safe and cheap for all.
Akinwuntan stated, “Convenience of conducting banking transactions from the comfort of home/office; secured online transactions; easy access to bank information and products; effective, cheaper and easier way for our customers to communicate with the bank on a 24/7 basis.”
Other digital products to be deployed include Xpresspoints and EcobankPay; a digital QR code which allows financial transaction through the mobile phone without the use of an ATM card.
The bank’s MD also said, “The uniqueness of our EcobankPay is that it has MasterPass, MVisa and Mcash options with a single merchant identity for each customer to transact across the three platforms. Our merchants on EcobankPay have a QR code that accepts all the three. Therefore, if the person that wishes to buy goods from you is coming from a bank that has MVisa, or Mastercard or Mcash, the same QRcode would accept your funds and vice versa.”
“That creates interoperability and convenience for the merchants and as you know, the QRcode is much cheaper than having a point of sale,” He added