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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Ecobank Storm Markets With “Easy Payment” Products

It was an exciting weekend as Ecobank staff stormed markets across the country to bring easy and convenient banking services to Nigerians, especially businesses, and more possibilities for growth. 

EcobankPay and Xpress Point were stars of the storm, which form a critical part of our digital offering, aimed at boosting Nigeria and Africa’s digital economy.  

“We will not rest until we serve you better. #EcobankPay and #XpressPoint buzzing in Alaba, Badore, Victoria Island, Abuja, Kaduna, Port Harcourt, Kano, Ibadan, Osun, Kwara, Akwa-Ibom joining 32 other countries in Africa. We are determined to support the building of a better Africa.  #EcobankOn for a #CashlessNigeria”  said Ecobank Nigeria Managing Director, Patrick Akinwuntan on twitter this past Saturday https://twitter.com/PAkinwuntan/status/1086617122598457349

Leading product for the storm was EcobankPay, which allows businesses/individuals to receive instant payment into their accounts when Ecobank and non-Ecobank customers scan their QR Code or use their terminal ID on USSD for goods and services.   

All that is needed is a phone for both the customer and the merchant, allowing them to receive payments anytime, anywhere unlike POS or cash, therefore making doing business easier and more convenient.  EcobankPay is the only product in the market allowing merchants to receive mCash, mVISA and MasterPass payments thus simplifying business for merchant, who no longer need to manage accounts across financial institutions for various payment channels as interoperability lowers cost and QR code removes need of having a point of sale (PoS).  

Xpress Point was also part of the drive, which allows customers to digitize or liquidate their cash by depositing and withdrawing cash closer to home using their phone anywhere they see Ecobank Xpress Point sign.  

By offering EcobankPay and XpressPoint services, Nigerian businesses save time and money spent in collecting, counting, securing and banking cash bringing cost savings to their business, and more importantly, in the near future their cashflow shall allow them access to other financial services such as loans, insurance and more to grow their business.  We hope more businesses can join the #CashlessNigeria initiative by offering their customers simpler payments and digitization of cash.  

“We will relentlessly work to bring our digital to every household and make money management moreeasy, reliable and fast.  Ecobank offers a wide range of digital financial services for businesses – from straight-forward cash management to payment tools that capture their turnover securely, which come with e-Alerts of debits and credits on your account sent by push notiffications, SMS and email,” said Ayo Olaiya, Head of Transaction Services Group, Ecobank Nigeria.

Ecobank Market storm continues across the country every Tuesday and Saturday, we look forward to seeing and bringing you on this journey.

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