Ecobank Ghana has launched “Xpress Account Giveaway” promotion offering mouthwatering cash back to customers as reward for on boarding and using its Xpress account.

The Ecobank Express Account  Promotion will give all Ghanaians the platform to transact business and make payments across 34 countries online with Gh 500,000 cash to be spread to about 70,000 customers.

The Managing Director of Ecobank Ghana, Dan Sackey speaking during the media launch said the new mobile application sets the pace in the banking sector to take in Ghana’s unbanked population.

He said the Ecobank Xpress Account is not only free attracting no charges to the user but it is also an interest bearing account, offering competitive interest rates.
According to him, the Xpress Account is “one of the surest ways by which we can contribute to making Ghana a cashlite, society.”

The Ecobank Express Account is a self-service, real-time, online digital account or wallet that is  easily operated on the mobile phone.

With a registered SIM, one can download the Ecobank Mobile App, open an Ecobank Xpress  Account instantly and start transacting business.

“Currently, you can withdraw or deposit money into your Xpress account from any of the over 1,500 designated Ecobank Xpress Point locations around the country. You can also send and receive money to and from any bank account or mobile money wallet in Ghana as well as send and receive money across the 34 countries we operate within Africa,” Mr Sackey stated.

Responding to questions on how this new product plays in the mobile money ecosystem, Head of Consumer Banking at Ecobank, Tara Squire told the media the product rather complements government’s urge to ensure a cashlite society and advance the course of mobile money  interoperability.

The launch is a mass drive aimed at encouraging customers and the public to use the Ecobank  Xpress Account for payments in place of cash transactions. Non-customers are encouraged to open the Ecobank Xpress Account instantly, fund it and use it for transactions for cash prizes.

Xpress Point an Agency banking agreement between Ecobank Ghana and Vivo Energy Ghana Limited (Parent Company of Shell Ghana) provides customers with banking services such as deposits and withdrawals, sending and receiving money from other Ecobank accounts to customers across Africa.

Mr Ekow Inkoom from the National Lottery Authority said all Ecobank staff and their relatives are disqualified from participating in the three months promotion to ensure fairness and credibility.

He assured his outfit will ensure smooth running of the promotion.