Ecobank launches money transfer via SMS, WhatsApp

Adebayo Obajemu

Ecobank Nigeria has unveiled a new app for transferring funds by email, SMS and WhatsApp.

Head, Consumer Banking Ecobank, Mrs Olukorede Demola-Adenyi said this was part of the bank’s innovation in digital banking.

According to her, “This opportunity couldn’t have come at a better time when many people are self-isolating and keeping social distance due to the COVID-19. We have the responsibility as a bank to continue to innovate for the benefits of our teeming customers. We encourage our customers and others to utilise this new addition to our digital self-service solutions.

“With this feature, a customer can transfer up to N50,000 without the beneficiary’s account number.The transfer can be initiated without the beneficiary providing an account number or deciding on which account to receive the funds. For us, this is super convenient for money transfer.”

Mrs Demola-Adeniyi further said the process is simple and beneficiary can redeem the money sent in three simple steps: receive the web link sent to his mobile number as SMS or WhatsApp message, click on the link to select bank and enter the account number, then, submit the request and senders account is immediately debited. The beneficiary account irrespective of the bank receives the credit.

“The Ecobank mobile app allows you to enjoy our banking services instantly and conveniently on your mobile device. The app provides you with an easy channel to manage your account and perform financial transactions in a simple and secured manner