Ecobank partners with MasterCard to launch Mobile QR payment in Africa.
Ecobank Kenya has launched Ecobank Mobile App. This will enable an instant way of banking via the mobile phone by allowing customers to shop, transact and do business on the Ecobank platform without the need for cash.
The app integrates Masterpass QR, a mobile payment solution designed and operated in partnership with MasterCard. Ecobank Kenya is the first bank in the country to launch the Masterpass QR within its banking product. This new, cashless solution makes payments possible in-store and online via a mobile phone by scanning a QR code.
“We are proud to launch this innovative digital product in Kenya. The Ecobank Mobile App is part of Ecobank’s digital offerings. Known as Ecobank_on, the array supports our drive to digitalise banking in the country and across the continent. By leveraging the power of digital, we are enabling our customers, including our important merchant segment, to grow their businesses and live life with convenience. As the government continues to grow the nation’s economy, one of the fastest-growing in Central and Eastern Africa, Ecobank Kenya is here to support that expansion,” said Sam Adjei, Ecobank Kenya’s Managing Director
Humphrey Muturi, Executive Director Commercial Banking at Ecobank Kenya, said: “The Ecobank Mobile App provides real convenience for customers. It empowers them to carry out financial transactions that could only be done previously in banking halls.”
The application enables customers to pay, send and receive money instantly across 32 other African countries, other than Kenya. Customers can also use the app to open a free digital account – Ecobank Xpress Account which can be opened instantly within the app. The application has been long overdue as other banks already have their individual banking applications.
Ecobank Kenya provides products and services through 29 branches and 65 ATMs in Kenya. With the app, customers now have the opportunity to carry out various transactions on their phones. The bank provides banking services and products in 33 African countries and has over 1,200 branches and offices.