Ecobank Ghana has taken financial inclusion a step further by launching the Express Account Promotion which gives all Ghanaians the platform to transact business and make payments across 34 countries online.
Speaking at a press launch, Managing Director of Ecobank, Dan Sackey said the new mobile application sets the pace in the banking sector to take in Ghana’s unbanked population.
He said financial inclusion required a concerted effort and cannot be done alone.
According to him, the Xpress Account is “one of the surest ways by which we can contribute to making Ghana a cash lite society.”
The Ecobank Express Account is a self-service, real-time, online digital account or wallet that is easily operated on the mobile phone.
With a registered SIM, one can download the Ecobank Mobile App, open an Ecobank Xpress Account instantly and start transacting business.
“Currently, you can withdraw or deposit money into your Xpress account from any of the over 1,500 designated Ecobank Xpress Point locations around the country.
You can also send and receive money to and from any bank account or mobile money wallet in Ghana as well as send and receive money across the 34 countries we operate within Africa,” Mr. Sackey stated.
Responding to questions on how this new product plays in the mobile money ecosystem, Head of Consumer Banking at Ecobank, Tara Squire said the product rather complements government’s urge to ensure a cash lite society and advance the course of mobile money interoperability.
The launch is a mass drive aimed at encouraging customers and the public to use the Ecobank Xpress Account for payments in place of cash transactions.
Non-customers are encouraged to open the Ecobank Xpress Account instantly, fund it and use it for transactions for cash prizes.