Ecobank entices customers with Masterpass QR
Ecobank, one of the foremost Nigerian leading banks is offering its customers efficient and cost effective payment solutions with the newly introduced Masterpass QR.
This is coming just as Mastercard introduces the Masterpass QR across seven markets in the Middle East and Africa (MEA) with the aim of delivering effective payment solutions to Micro, Small and Medium Enterprises (MSMEs) in the region.
Masterpass QR solution facilitates operational efficiencies for MSMEs, the backbone of emerging market economies. According to the World Bank, these enterprises create four out of five new jobs in emerging economies. The solution allows millions of MSMEs to accept quick and secure payments and empowers consumers to move beyond cash when buying goods and services.
The solution further offers convenience to consumers by enabling them to pay for in-store purchases by scanning the Quick Response (QR) code displayed at checkout on their smartphones, or by entering a merchant identifier into their feature phones, at any location worldwide that Masterpass QR is accepted.
Group CEO of Ecobank, Mr. Ade Ayeyemi, said that its partnership with Mastercard gave the bank the opportunity to leverage on the newly introduced payment solution to provide qualitative services to its customers.
Ayeyemi said that Ecobank is well positioned to meet the growing demands of consumers and merchants across Africa who are becoming more reliant on using their mobile phones to make payments.
He said: “We see enormous potential for this innovative solution in Africa especially with the growing population of mobile phone users with Masterpass QR.”
“We are offering our customers a trusted digital payment service. Previously consumers were restricted to using cash but with Masterpass QR, shoppers no longer need to carry cash or have their physical bank cards on them to make payments.” Ayeyemi added.
RECOMMENDED ARTICLES
Comment
No comments found.