Easter Promo: Ecobankpay Offers Special Discount To Shoppers

Ecobank Nigeria Limited has announced special discount for shoppers using the EcobankPay option to pay for their goods and services during the Easter holidays and will run to the end of April 2019.

EcobankPay is a digital QR code/ Unstructured Supplementary Service Data (USSD) that enables payments using the mobile phone, without the need for a debit/credit card. “When you sign up, your EcobankPay QR is emailed to you, which you can print and post/stick it anywhere your customers can see it to easily scan and pay. When paid, you receive notifications and transactions can be viewed in merchant app or online and most especially  your account is credited immediately . Your customers can now pay you from anywhere in Nigeria and around the world, anytime.  Your customers can use the Ecobank Mobile App or other bank’s mobile app to pay with MCash, MVisa and Masterpass.” 

Announcing the Easter promotion in Lagos, Carol Oyedeji, Executive Director Commercial Banking said shoppers are to get special discounts in shops in Lagos, Abuja, Port Harcourt, Benin, Warri, Aba and other cities across the country where the EcobankPay QR code is on display. Explaining the accessibility of the EcobankPay QR code, she  noted that it accepts all three payment platforms available, be it MasterPass, MVisa and MCash.

“Also, the discounts are available at all EcobankPay zones. If the person that wishes to buy goods from you is coming from a bank that has MVisa and decides to pay, the same QRcode would accept MVisa payment and vice versa. This creates synergy between us and the other banks and convenience for the merchants. And as you know, the QR code is much cheaper than having a point of sale (POS)  and your account is credited immediately,” she stated.

For the merchants she said “the beauty of the EcobankPay, is in the cost of set up, as the shop owner simply print the QR code on a paper and can stick it anywhere and do not face any risk. It is convenient and the mobile app allows the ubiquity. It allows you 24/7 access. We cannot over emphasis the instant credit”

Ecobank has recently launched several EcobankPay zones in various markets across the country. The EcobankPay Zones are digital payment hubs  enabling businesses within a location adopt Ecobank’s wide range of digital products for ease of payments for goods and services. It provides the opportunity for both buyers and sellers to increase their sales in an enhanced and secured way.

The EcobankPay digital hub/markets  makes it easy for the seller to be paid instantly while buyers pay with ease and also have peace of mind associated with doing business without carrying cash around. Also available at the payment zones is the Xpresspoint which allows customers do their banking transactions within their neighbourhood and non-customer open accounts on the go in as much as they have their phones.


The initiative of the Ecobankpay zone is to deepen financial inclusion in the communities and specifically aid business transactions between merchants and clients.

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Excitement Greets Arrival of EcobankPay Zone In Lagos Island Markets

It was excitement and fun at Oluwole Market, Lagos Island, as Ecobank Nigeria launched its innovative digital payment solution, EcobankPay zone in the market on Wednesday. 

Traders and market leaders that spoke at the event were filled with commendation for Ecobank for introducing EcobankPay zone to their markets, stressing that it would bring ease of transactions in Lagos Island generally.
Speaking on behalf of the market leaders, the Head of the Market Women (Iya Oja), Oluwole Plaza Market, Chief Mrs Josephine Onwudiwe,  EcobankPay zone couldn’t have come to the market at a better time, stressing that the digital payment solution would go  long way to boosting activities in all the markets on the Lagos Island.

Speaking on behalf of the market leaders, the Head of the Market Women (Iya Oja), Oluwole Plaza Market, Chief Mrs Josephine Onwudiwe,  EcobankPay zone couldn’t have come to the market at a better time, stressing that the digital payment solution would go  long way to boosting activities in all the markets on the Lagos Island.

Chief Onwudiwe who traced a long relationship between Ecobank and the traders thanked Ecobank management for selecting Oluwole market for the launch, stating that she would personally ensure all the traders in the market adopt and maximize the opportunity provided with the EcobankPay zone.

“On behalf of the traders in this market, I wish to thank Ecobank for bringing this payment technology to this market. I will personally ensure all of us in this market utilize this opportunity.”

In her testimonial on Ecobank Xpress point , Mrs Adunny Danmole attested to the benefits of the services, urging traders in the market and people living in the community to embrace the EcobankPay zone and other products of the bank.

According to her, since she enlisted as a Xpress point merchant of the bank, her business has received major boost, urging Ecobank to spread EcobankPay to all the major markets in the country

Speaking at the launch, Executive Director, Commercial Banking, Carol Oyedeji reaffirmed the bank’s commitment to ensure Nigerians get quality banking transactions and good business dealings at market locations. She emphasized that the digital payment zone will further boost easy and convenient transactions in the market place.

“The EcobankPay initiative would deepen financial inclusion in the community and specifically aid business transactions between merchants and clients. EcobankPay’s unique offering is that anyone from any bank in Nigeria can pay with MasterPass, mVISA and mCASH with any phone by scanning QR code or using USSD”. She noted.

Mrs Oyedeji called on the traders and other people living around the market to embrace the innovative pay zone. She explained that customers and non-customers of the bank who patronize the market will now have quick access to the bank’s digital payment offerings, as it would remove the stress and boredom associated with delays in paying for goods in the market.

“The Lagos Island markets are dear to our heart. Today we bring good news to traders in this popular market and others that live in this vicinity. EcobankPay will make transaction simple and easy. It will create payment convenience for good and services and growing various businesses across the country. You do not need to be a customer of Ecobank. If the person that wishes to buy goods is coming from a bank that has mVisa and wishes to pay, the same QR Code would accept mVisa payment and vice versa. That creates convenience for the merchants. The QR Code is much cheaper than having a point of sale (PoS).” she noted.

EcobankPay is free to set up as the shop owner only needs his/her QR code and phone for notifications to start receiving quick and easy payments. EcobankPay, a special merchant QR Code product of the Pan African Bank, enables customers make seamless payment for goods and services across the three major payment platforms without the use of plastic cards.

For the merchants, the beauty of the EcobankPay is in the cost of setting up, as the shop owner simply prints the QR Code on a paper and can stick it anywhere and do not run any risks.
It would be recalled that the Bank had launched similar pay zones in Alaba International market and Amu market, Mushin.

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