Ecobank Trans International (ETI) will launch its mobile banking app across 32 countries in Africa before the end of the year. The app designed by Mastercard International, has already being launched in Nigeria, which is ETI’s biggest and most profitable market. The launch is part of the bank’s strategy to double its customer base from 100 million to 200 million by 2020.
The massive success of Kenya’s M-Pesa and Guaranty Trust Bank’s 737 mobile banking service in Nigeria have shown that mobile technology is the next frontier for African banks. ETI shares closed down