Ecobank plans partnership with CIBN to drive financial inclusion
Managing Director, Ecobank Nigeria, Patrick Akinwuntan has given indication of collaborating with Chartered Institute of Bankers of Nigeria (CIBN) to deepen financial inclusion and capacity building in the industry.
Making emphasis against the backdrop of Ecobank’s giant strides in the digital banking space at the recent CIBN stakeholder’s engagement with the Bank in Lagos, Akinwuntan averred that the partnership with the Institute would further boost the financial strategy of the industry regulators in meeting the target of financial inclusion.
He said the bank will continue to leverage on its digital banking in a sustainable manner to bring banking services to every household in Nigeria, adding that the bank is at the forefront of providing mobile payment solutions in n the country.
Continuing, he recalled that “Ecobank through our various innovative digital payments and collections is attracting many unbanked and under-bank in the country to the financial landscape. Further collaboration with such a notable organisation as the CIBN will further boost the financial inclusiveness the regulators are pushing.”
He took the stakeholders through the various digital payment solutions such as RapidTransfer, EcobankPay, QR Technology, EcobankPay zones, Xpress Account and Mobile Payment, among others, stressing that apart from stress-free transactions, the product and services was boosting business and economic activities across the country and the Africa continent. He disclosed that the Bank has concluded plans to commission 50 EcobankPay zones across the country within the next six months to boost transactions in market clusters.
Earlier in his remarks, President and Chairman of Council, CIBN, Dr. Uche Olowu commended Ecobank’s strategies at attracting the unbanked and under-banked in the country through its various digital offerings. He affirmed that Ecobank’s recent activities across various markets clusters are a major boost to the regulators financial inclusion policy.