The Managing Director of Ecobank Nigeria, Patrick Akinwuntan, has renewed its bank’s pledge to support the micro, small and medium enterprises (MSMEs) in Nigeria with its dedicated digital assets to transform the entire value chain.
In a statement in Lagos on Tuesday, he said this would engender more activities in the sub sector leading to the overall growth of the economy.
Akinwuntan said it was part of the overall strategy of the Ecobank Group to deploy its products with digital appeal to support business and entrepreneurial development.
“Omnilite is an Ecobank internet banking platform that allows entrepreneurs perform transactions, payments over the Internet through the Bank’s secure website.
“With Omnilite, customers have easy access to their account(s) from anywhere in the world; Online real-time account monitoring facility; Convenience of conducting banking transactions from 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”, he stated.
Commenting on the EcobankPay, Akinwuntan said “EcobankPay, is a digital QR code that enables payments using the mobile phone, without the need for a plastic card.
“It is really very convenient as it is a one stop platform of Ecobank across 33 countries in Africa.
“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 (PoS). It also provides immediate credit to your bank account and not a day after as is on other acceptance platforms.
“Our products assist entrepreneurs achieve their goals whether it be payments or collections with more ease. We have the payment platform; we have e-portals that would transform the SMEs in Nigeria.”
The Ecobank chief noted that Nigeria is gradually becoming a major hub in Africa on intellectual economy with the influx of Fintech companies and social media channels. He noted that Ecobank is already partnering with them to offer quality banking services.
“If you look at the intellectual economy, Nigeria is becoming a major hub in Africa. We had Facebook come here to see what was going on, and a number of Fin-tech companies are becoming major players globally, attracting investments for the big IT companies and startups.
“Ecobank is seeking to become the partner that provides the banking services for the intellectuals and the economic growth that they are fostering.
“We partner with Fin-techs, we do not compete with them; we understand that they have their values and we now have a digital platform that makes us the platform of choice and we have physical locations that guarantee distribution to the last mile,” he said.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
