Ecobank Ghana has partnered Melcom, to bring convenient banking services to the many Ghanaians who purchase products from Melcom shops.
This collaboration will enable Ecobank to provide extended banking services to clients through these outlets, complementing the over 1,500 Ecobank Xpress Points nationwide.
The innovation by far, has been introduced in five out of the 46 Melcom stores in Ghana, which will later be fully rolled out in the remaining outlets by the end of 2020.
The purpose of these banking hubs known as Ecobank Xpress Points will offer basic banking services including; Cash deposits and withdrawals, Remittances, Cash Xpress card reloading and the opening of Xpress Accounts.
The services provided can be immediately accessed by the general public, as Ecobank makes it possible for every Ghanaian with a phone to instantly open an account.
This partnership between the two, Ecobank and Melcom is a step towards making banking convenient and accessible to every Ghanaian. The collaboration will also promote and deepen financial inclusion as ordinary Ghanaians who patronize from Melcom on a daily basis can simultaneously access basic banking services.
Additionally, the partnership also positions the two institutions as market leaders as they leverage on each other’s strengths to bridge the financial inclusion gap and contribute positively to the overall economic development.
While giving his remarks, the Managing Director of Ecobank Ghana, doubling as the Regional Executive of the Ecobank Group, Dan Sackey said;
“Ecobank is focused on promoting financial convenience and inclusion and we will continue to forge strategic partnerships to provide appropriate financial solutions for our customers.”
Also speaking on the partnership, Bhagwan Khubchandani, Group Chairman of Melcom Group of Companies said:
“Melcom has always been and will remain committed to making shopping an enjoyable experience for all. As a leader in a multi – faceted retail business, we are delighted and proud to be the first retail conglomerate in the region to partner with Ecobank and offer agency banking services from our stores. We plan to take this concept to every region in the country through our wide network of stores.”
Ecobank, as part of this partnership, will offer various banking solutions to provide clients of both institutions easy access to banking services. Some of the products and services to be deployed include; the Ecobank Mobile, and a dedicated USSD *770# that accepts mobile money payments from all mobile money operators in across the country.
