Ecobank Nigeria has unveiled Ecobank Xpress Account, a
flagship digital product that will take banking to the grassroots. The Ecobank
Xpress Account is a Digital Account that is mobile based. It is simple
and does not require any form of documentation for opening, therefore
making it easy and convenient for all, while affording the customers the same
services available to regular account holders. The Ecobank Xpress Account can
be opened on the Ecobank Mobile App by smartphone users and or via USSD for
feature phone users.
At the unveiling ceremony in Lagos, the Managing Director,
Ecobank Nigeria, Mr Charles Kie said this is part of Ecobank’s “Roadmap to
Leadership Initiative”, where Ecobank is focused on becoming a force in the
banking industry by leveraging its robust Digital Channels to drive financial
inclusion for the un-banked in the different parts of Nigeria – urban, semi-urban
and rural areas. Mr. Kie emphasized that this new product will also enable the
bank meet its Group Target of 100 Million Customer by 2020, of which 40 Million
will come from Nigeria.
Also speaking at the launch Carol Oyedeji, Executive
Director Consumer Banking of Ecobank Nigeria reeled out the benefits this
account type offers. They include simple account opening process without any
paper documentation or stringent form of identification; ability to immediately
do transactions from the account and withdraw cash through the Xpress Cash via
Ecobank Automated Teller Machine (ATM) or Ecobank Agent locations.
Describing the process of Xpress Cash Mrs. Oyediji said it
enables Ecobank customers withdraw cash from any of the over 1000 Ecobank ATMs
without a card. In her words “the customer simply generates a token pin (code)
that enables him or her do a card-less withdrawal from any Ecobank ATM across
the country or Ecobank agent. The token (code) generated can also be sent to
anybody through test message or WhatsApp and the recipient can withdraw cash
from the ATM or agent”.
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