Ecobank Nigeria says it has unveiled a new product called Xpress Save and Xpress Loan.
A statement said the product enabled customers to conveniently and speedily open digital savings accounts and obtain short-term micro-credit loans using their mobile phones through a USSD platform, *326#.
According to the bank, the Ecobank Xpress Save and Xpress Loan is an online real-time, self-service solution which is suitable for all micro-entrepreneurs, artisans, traders, low-income earners and the entire unbanked and under-banked mass market population.
The Xpress Save and Xpress Loan product would be simple to access digitally through the mobile phone and available 24 hours every day of the week, it added.
Unveiling the product in Lagos, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the product was part of the bank’s overall strategy to drive financial inclusion and make full banking truly accessible to all in Nigeria.
He stated that it was a digital product designed to stimulate micro-savings in the economy and expand access for eligible customers to obtain short-term micro-credit loans to bridge cash flow gaps, thus contributing to the national efforts to deepen financial inclusion.
This news was Culled from Punch. Click here to view more.
