Innovative Banking: Ecobank Introduces “Business Account” For Entrepreneurs

Ecobank has introduced a solution based product called – The Business Account –to provide a single complete package at point of account opening that would make account relationships easier for its existing and intending commercial banking customers.

In a statement, Ecobank said the Business Account package will offer a combination of a business account, free digital channels for payments and collections, free personalized e-commerce web page, debit card (where required), free capacity building sessions and free financial advisory as well as all the relevant loan types to address the borrowing needs of the businesses.

Unveiling the product in Lagos, the Executive Director, Commercial Banking, Ecobank Nigeria, Carol Oyedeji, said the new package is an innovative response to the needs of the market, as it demonstrates Ecobank’s willingness to assist both new and established businesses.

She listed some of the benefits of the Business Account package to include; access to EcobankPay- NQR code based payment method for seamless sales collections and OmniLite- the web-based payment platform for small businesses.  “In this era of e-commerce, we have partnered Google to help take our customers’ businesses online with Google MyBusiness through which they can host their products online for wider reach and improved profitability.” She stated.

“Ecobank Business Account helps you navigate the business terrain more effectively. It is aimed at providing an easy way for business owners to manage their businesses with ease and access viable opportunities. The account can be opened online easily at or any Ecobank branch.” Oyedeji added.

Also speaking. The Ecobank Country Head of SME, Emeka Agada, said “the bundling of Ecobank’s business solutions into one package called Business Account is a very innovative way to help commercial banking customers access all the applicable solutions from one touch point.”

Ecobank Nigeria Ltd. is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 33 African countries with international presence in four locations (London, Paris, Beijing and Dubai).

Ecobank Nigeria is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.

The Bank is a major player in the distribution of financial services in Nigeria, leveraging digital platforms including Ecobank Mobile App and USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank OmniLite, EcobankPay, Ecobank Rapidtransfer, ATMs, POS and an extensive distribution network of over 250 branches and about 30,000 agency banking locations.

Comment here