Ecobank kicks off mobile application technology

ECOBANK has developed a mobile application using digital technology to combat financial inclusion barriers in Zambia and Africa as a whole.
The financial sector has been facing barriers such as lack of rural branches, affordability of products, high transaction costs and minimum opening balance requirement.
But Ecobank Group chief executive officer Ade Ayeyemi said the bank’s strategic mission is built around using mobile banking to deliver innovative, efficient and cost-effective services to those that have no access to formal banking facilities.
Mr Ayeyemi said in a statement issued on Friday that the mobile application has since attracted three million new … READ MORE

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