The managing director, Ecobank Nigeria, Patrick Akinwuntan, has launched EcobankPay zone at Alaba International Market, Lagos, and expressed the bank’s commitment to continue innovating more payment and financial solutions to best serve traders across the country.
According to Akinwuntan, the bank has designated Alaba market as an EcobankPay zone, meaning that patrons of the market, Ecobank and non-Ecobank account holders, have more secure and convenient ways to pay when they visit the market. He added that EcobankPay’s unique offering is that anyone from any bank in Nigeria can pay with MasterPass, mVISA and mCASH with any phone by scanning QR code or using USSD.
Traders, he said, can now enjoy more possibilities to grow their business as they can also sell to customers with EcobankPay in 32 countries in Africa. He added that “EcobankPay is free to set up as the shop owner only needs his/her QR code and phone for notifications to start receiving quick and easy payments.
EcobankPay, a special merchant QR Code product of the Pan African Bank, enables customers make seamless payment for goods and services across the three major payment platformswithout the use of plastic cards. The uniqueness of the digital product according to the bank is that it has MasterPass, MVisa and Mcash embedded in the merchant identity QR Code. If the person that wishes to buy goods is coming from a bank that has MVisa and wishes to pay, the same QR Code would accept MVisa payment and vice versa. That creates interoperability and convenience for the merchants. The QR Code is much cheaper than having a point of sale (PoS).
TETFund: Boosting ICT Use In Tertiary Institutions
The role of Information and Communication Technology (ICT) cannot be over emphasized. More so, bringing ICT to the school environment...
Certificate Case Dismissal: It’s Time To Build Kwara For All – AbdulRazaq
Kwara State governor, AbdulRahman AbdulRazaq, yesterday restated his commitment to building a state that works for everyone, irrespective of political...
Niger Gov Signs Law For Funding Of State Assembly, NSIEC
Niger State governor, Abubakar Sani Bello, has signed into law two bills to provide for the management of funds for...
Bauchi Group Condemns Threat Against Ex-Gov Abubakar
A civil rights group, Bauchi Civil Society Organisation Network, has asked the Economic and Financial Crimes Commission (EFCC) to investigate...
NDLEA Demands Collective Approach Against Drug Abuse
The Sokoto State Commander, National Drug Law Enforcement Agency (NDLEA), Muhammadu Misbahu Idris said yesterday that the fight against drug...
NDLEA Arrests 59 Drug Dealers In Kebbi
Fifty-nine suspected drug dealers have been arrested with 236.737 kilogrammrs of illicit drugs and psychological substance within six months in...
NDLEA Raises Concern Over High Rate Of Drug Abuse In Nasarawa
The National Drug Law Enforcement Agency (NDLEA) Nasarawa State Command has raised the alarm over high rate of abuse of...
POLITICS19 hours ago
APC Ready To Challenge Some Positions In Zamfara-Party Chairman
NEWS17 hours ago
Beauty Queen ‘Raped By Gambia’s Ex-President Jammeh’
NEWS20 hours ago
I Left No Debt In Zamfara, Says Ex-Gov. Yari
POLITICS14 hours ago
Akwa Ibom North West Senatorial Election : I Contested Against INEC And PDP, Says Akpabio
NEWS18 hours ago
Pastor Seeks Divorce, Alleging Wife Demands `Bribe’ Before Sex
FOOTBALL14 hours ago
JUST-IN: Super Eagles First To Qualify For AFCON Round Of 16
NEWS14 hours ago
EFCC Arraingns Borno Perm Sec , Others Over N118.3M Fraud
NEWS19 hours ago
TB Joshua Pulled 40,000 To Mount Precipice, Nazareth