Ecobank Building Entrepreneurs, Supporting Financial Inclusion With Xpress Point Agents
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria
Under the scheme, eligible agents carry out financial transactions on behalf of Ecobank and earn commission on every transaction processed
The consumer experience is very good as customers can do the simple deposit, payment and transfers in their own neighbourhood rather than travel for hours to a bank branch. Ecobank Xpress Points is also a channel that can be used for the deployment of national social intervention programmes of the Government
Ecobank aim with the Xpress Point is to let every Nigerian and household have access to the bank’s services within their neighbourhood to provide easy banking services
Speaking in Lagos, Nike Kolawole, Head, Agency Banking, Ecobank Nigeria, said unemployed and retired persons should avail themselves the opportunity to earn extra income by keying into services offered by the bank as Xpress point agents.
According to her, the Ecobank Xpress point which are in various neighbourhoods across the country, are well-positioned to facilitate basic financial transactions, with the process and services simplified to attend to a broad spectrum of the society
She further disclosed that agency banking in general brings about economic and youth empowerment by way of job creation and earning extra income, adding that small savers can easily do their savings at home or near their home. This leads to financial inclusion of the underbanked in the country
For now, Ecobank has over 43,000 agents across Africa. The agents carry out financial transactions on behalf of Ecobank and earn commission per transaction processed. Xpress Points can also be used as a channel for the deployment of national social intervention programmes, especially at this time that we are fighting the impact of lockdowns due to the COVID-19.”
Kolawole listed the services offered by the Xpress point agents as; cash in, cash out, fund transfer, bills payment, airtime recharge, remittance and account opening, among others
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