Eco Bank launches Agency Banking

Thursday, March 22, 2018

ECOBANK Gambia Ltd., last week launched a new banking service in partnership with a number of retail agencies across the country. The bank will hence work with these agencies to deliver services to remotest parts of the country.

According to the World Bank, only 34 percent of adults in Sub-Saharan Africa had a bank account in 2014, compared to 24 percent of the same demography in 2011.  Until now, Eco Bank customers have had to visit banking halls to transact on their Xpress Accounts or generate an e-token via the Mobile App to withdraw funds from ATMs. 

“With Ecobank Agency banking, we are bringing banking even closer to your doorsteps.  This service expands Ecobank’s network and will enable our customers to deposit with or withdraw funds from our accredited agents, within their communities,” the bank’s managing director Mrs. Josephine Anan-Ankomah explained. 

“With the launch of our Agency Banking services today, Ecobank is stepping up the ante and raising the bar even higher,” Anan-Ankomah said. 

The Ecobank Agency Banking product is meant to bring financial services to everyone, said Mr. Lamin Camara, permanent Secretary, Ministry of Finance and Economic Affairs.

Dr. Saikou Jabbie said he was informed the Ecobank Agency Banking services have been developed with majority unbanked and underbanked in mind, to lower barriers to finance.

Photos: Uthman Jeng

Author: Sanna Camara