Ecobank Launches ‘Ecobank Xpress Money Promotion’ for easier money transfers
Ecobank Ghana in its effort to work around the cash-lite and financial inclusion mentioned by the government has taken a step further to launch Ecobank Xpress Money Promotion as an incentive to provide an enabling financial environment for sustained economic growth.
Ecobank Xpress Account is needed to give Ghanaians the platform to transact business and make payments across 34 countries online.
According to the Managing Director of Ecobank Dan Sackey, the Xpress Account is “one of the surest ways by which we can contribute to making Ghana a cash-lite, society.”
“If the country does not need to print note of currency, we are saving the resources of the country. It is a must that Ghanaians engage in cash-lite economy and indeed cashless communities,” he urged.
Speaking at a press launch, Mr. Dan Sackey said the Ecobank mobile application sets the pace in the banking sector to take in Ghana’s unbanked population; adding that the financial inclusion campaign requires a concerted effort and cannot be done alone.
The Ecobank Express Account is a self-service, real-time, online digital account or wallet that is easily operated on the mobile phone.
With a registered SIM, one can download the Ecobank Mobile App, open an Ecobank Xpress Account instantly and start transacting business.
“Currently, you can withdraw or deposit money into your Xpress account from any of the over 1,500 designated Ecobank Xpress Point locations around the country. You can also send and receive money to and from any bank account or mobile money wallet in Ghana as well as send and receive money across the 34 countries we operate within Africa,” Mr Sackey stated.
Explaining how the promotion works, Head of Consumer Banking at Ecobank, Tara Squire said a deposit of Ghc50 or more into the Ecobank Xpress Account at any Xpress Point gives the customer the chance to win their share of over Ghc500,000 in cash and instant airtime or data.
“The Ecobank Xpress Money Promotion is aimed at rewarding customers with a deposit of Ghc50 or more. Every week, 133 customers will be rewarded and a deposit of Ghc50 into your Xpress Account gives you one slot and so the more the money, the more your chance to win big. First deposit attracts instant reward in the form of airtime or data. The interest rate on this promotion is 4 percent and it is running now up to March 8, 2019,” he explained.
He reiterated that the launch is a mass drive aimed at encouraging customers and the public to use the Ecobank Xpress Account for payments in place of cash transactions; thus the Xpress Point has created job opportunities for Ghanaians.
“Non-customers are encouraged to open the Ecobank Xpress Account instantly, fund it and use it for transactions for cash prizes as the promotion lasts for 3 months,” he added.
