Financial Inclusion is at the core of most banks, Ecobank understands this which made them decide to promote financial inclusion with the launch of their new products called Xpress Save and Xpress Loan. In a statement released by the bank, in a statement released by the bank this is a customer-enabled product that will allow them to conveniently and speedily open digital savings account and acquire micro credit loans short time through their mobile phones using the USSD platform, *326#.
The Ecobank Xpress Save and Xpress Loan is an online real time, self-service solution which is fit for all unbanked and under-banked market population including artisans, low-income traders and micro-entrepreneurs. These products will be available 24 hours everyday of the week and it will be easy to access digitally through a mobile phone.
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The Managing Director Ecobank Nigeria, Patrick Akinwuntan during the product unveiling in Lagos, said this is part of the bank’s approach to push financial inclusion and full banking accessible in Nigeria to its customers and ultimately all Nigerians.
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According to him, Xpress Lan and Xpress Save is a digital product whose main goal is to encourage micro savings in the economy and widen access for qualified customers to get short-term micro credit loans to bridge cash flow gaps, with the efforts being put in by the nation deepen financial inclusion these products by Ecobank is another stride in contributing to financial inclusion in the country.