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Ecobank deepens digital payment

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Ecobank has partnered with Facebook and MasterCard to deliver seamless, digital payments to small businesses via the Facebook Messenger platform. With this development, micro-merchants will be able to receive instant payments using the QR technology.

This Messenger experience will launch in Nigeria, where MasterCard will pilot a new Masterpass QR both to help business owners move beyond cash transactions to accepting QR payments.

With Ecobank’s presence in 33 African countries, the pilot in Nigeria is the beginning of a larger plan to include more businesses in Africa into the digital economy. Access to digital payments will help businesses expand to new markets, and unlock financial services and products that empower them to grow.

Group Executive, Consumer Banking, Ecobank Transnational Incorporated (ETI), Patrick Akinwuntan, said this initiative is in line with the bank’s financial inclusion strategy to reach the underserved and unbanked in the society.  He noted that the partnership will further position Ecobank as a major enabler of digital payments across Africa and reinforce its goal to serve 100 million Africans by 2020.

In his words: “In line with our goal to serve 100 million Africans by end of 2020, Ecobank is delighted to collaborate with Facebook and MasterCard to enable underserved and unbanked micro-merchants have the opportunity to open an Ecobank Xpress account within minutes and begin to receive instant payments using Ecobank Masterpass on the Facebook Messenger platform.”

The post Ecobank deepens digital payment appeared first on The Nation Nigeria.

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