Ecobank Malawi Limited encouraged merchants to use the institution’s multifunctional digital payment solution, EcobankPay.
This is according to Victoria Chanza, Head of Commercial Banking at Ecobank, who was speaking on Friday July 1 when the bank spoke to a number of shop owners around the Ginnery Corner Karim Ayub Mart shopping complex in Blantyre. .
Chanza said EcobankPay was designed to provide unified and instant self-service across a range of interconnected payment solutions, particularly those in the EcobankPay area.
She said EcobankPay offers store owners a convenient and smart way to receive payments via mobile phone and shoppers have the option of scanning a Visa or Mastercard compatible QR code via the Ecobank mobile app or using Terminal ID via *326# Ecobank Mobile USSD.
The head of commercial banking went on to say that the bank is focused on building a digital and cashless society through its unique digital banking ecosystem offering for its business and retail customers.
“Ecobank is committed to making business easier for the people it serves and EcobankPay is a payment solution channel that makes payments easier, faster, more convenient and more secure. The good thing about it is that it is absolutely free and Ecobank customers with a business account can register themselves through Ecobank Rafiki Messenger and WhatsApp number +28870355979.
“As the EcobankPay ecosystem grows, it will unify all of Ecobank’s digital payment offerings for: internet payments, e-commerce, mobile bill payment, airtime recharge via mobile and many more,” Chanza said.
Reacting to the innovation, Wezi Nkhana, owner of WT Organics at Gunnery Corner, which specializes in hair, beauty and health products, described EcobankPay as an ideal product, saying it helps track sales and easily establish financial reports for his business.
“EcobankPay really makes the way I do business easier, saving me time on accounting and auditing issues, giving me more time to focus more on growing my business,” Nkhana said.