Home Business ECOBANK partners with Total Nigeria on agency banking
Business - News around Africa - July 18, 2018

ECOBANK partners with Total Nigeria on agency banking

ECOBANK Nigeria has announced its partnership agreement with Total Nigeria Limited, to offer seamless banking services at every Total filling stations across the country.

The scheme which is set to commence with 100 selected stations will allow for seamless financial transactions such as deposits, withdrawals transfers, bill payments, airtime top-up and account opening at Ecobank Xpress Points located in each of these filling stations.

Ecobank’s Executive director of Consumer Banking, Carol Oyedeji, announced the partnership, stating that the deployment of Ecobank Xpress Points through Total Nigeria is an extension of the bank’s distribution and financial inclusion strategy to provide banking services to all Nigerians and Africans.

She said the outlets would offer convenient and accessible financial services in a cost-effective and secure manner, stressing that Ecobank was determined to extend the reach of its banking services to customers in remote and rural locations with its agency banking initiative.

“To deliver our strategy of reaching 100 million customers by 2020, we have created innovative platforms, products and services, which are already serving a much larger customer base.

“These agent locations will support some of the innovative services we have introduced to the market such as Xpress, which allows customers to withdraw cash at ATMs without their cards, transfers within and across 33 countries through the Ecobank Mobile App and our proprietary money transfer service, Rapid Transfer, among others,” Oyedeji explained.

Commenting on the partnership, Total’s General Manager, Sales and Marketing, Adesua Adewole, said: “At Total, the team develops our network of service stations everywhere in Nigeria daily, to bring Total closer to its 200,000 daily customers.


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