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COVID-19: Why Ekobank extends zero charge for digital money transfers


By Juliet Umeh

As part of its corporate social responsibility, CSR, to cushion the rising spread of Coronavirus, Ecobank Nigeria said it has extended its zero charge for mobile money transfers below N5, 000 to September 2020.

The bank said its decision to extend the zero-charge it commenced in March 2020 was hinged on its drive to continuously encourage citizens to adopt digital banking particularly with the ongoing social distancing campaign targeted to check the spread of COVID-19.

Head of Consumer Banking of the bank, Olukorede Demola-Adeniyi, said the bank’s priority is people’s wellbeing.

He said: “We place great emphasis on rewarding and identifying with our customers and citizens of Nigeria especially at a time like this. We are determined to ensure that the impact of the pandemic is minimal on citizens.

“We encourage our customers to utilize our digital self-service solutions including Ecobank mobile app, Ecobank Online, EcobankPay, Ecobank Omniplus, Omnilite and the rapid transfer app where they can easily access their bank accounts, make payments, transfer funds, process salaries and carry out ancillary banking transactions from the comfort of their home and offices without having to visit the branches.
“At Ecobank, we are always finding ways to improve our customer experience digitally, which is why I encourage our customers to upgrade to the new Ecobank mobile app 4.0. Customers can carry out banking transactions and enjoy some of the new features that the app provides, such as the ability to send money via email or SMS and of course, take advantage of the zero charge on money transfers below N5, 000,” Demola-Adeniyi said.
She added that the bank was also supporting over 50,000 farmers across the country to grow maize, under the CBN Anchor Borrowers program with the Maize Growers, Processors and Marketers Association of Nigeria, MAGPAMAN.

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