Ecobank has been named the Best Digital Strategy Award at the Retail Banker International Awards ceremony recently held in London. The bank has also revealed its ambition to attain a customer base of 100 million across Africa.
Responding to the award, Ade Ayeyemi, Chief Executive Officer, Ecobank, revealed that the bank is committed to meeting the rapidly changing demands for convenience and functionality that Africans need and demand, as part of the steps towards eradicating financial exclusion from the continent.
Retail Banker International Awards 2018: Ecobank wins Best Digital Strategy Award. https://t.co/3xNzQzNK9q
— Ecobank Nigeria (@ecobank_nigeria) May 27, 2018
The bank recently launched its mobile app which is currently serving in 33 African countries and in 18 different languages in four major languages across the continent.
The tier two bank recently reversed the dollar limits for Naira, meaning that customers with Naira debit cards can now pay up to $4,000 and $5,000 per day on online channels and point of sale (PoS) terminals.
While Foreign currency debit cardholders can spend up to $5,000 daily from their domiciliary accounts. Premier Customers with platinum Credit Cards, daily transaction limits of $15,000.00
The bank had earlier placed a limit on Naira cards, daily POS and online transactions were limited to $1000 for platinum Naira master card holders. The spending limit for the Gold Naira MasterCard was placed at $750, while spending limit for the Silver Naira MasterCard was fixed at $500.
The bank in its Q1 financial report for the quarter ended 31 March 2018 recorded an 11% surge in revenue from 178 billion recorded in Q1 2017 to 198 billion recorded in Q1 2018. Its profit before tax also grew from 22.9 billion in Q1 2017 to 33.9 billion.
Ecobank Nigeria is a member of the Ecobank Trans International (ETI) which was established in 1986.
ETI shares closed at N19.50 in today’s trading session on the Nigerian Stock Exchange (NSE) with a one year return of 83.96 percent.