Ecobank Mobile Money Nigeria

Branchless Banking from Ecobank's affiliate in Nigeria, ACCION Microfinance Bank ('AMfB')


Link to external site : Website for Ecobank Mobile Money Nigeria
Ecobank Mobile Money Nigeria
Send Services Receive

Agent


Mobile


Cash


Wallet

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AT

BB

BP

CICO

DMT

MM

MP
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Cash


Wallet


Agent


Mobile

Model
Who Leads?
Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Persona
Purpose
Active Services
Card Type
ServicesDescription
Ecobank MobileMoney allows customers to deposit and withdraw money, send and receive money, purchase airtime, pay for bills, goods and services, and check account balance all through a mobile phone.
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Channels
Payment Instruments
Cash I/O Description
Cash I/O No Of Locations
Handsets
Any make of handset supported. If existing SIM is not compatible, customers can request a SIM swap/new SIM.
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Technologies
SIM-based application.
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Interoperability
All Nigerian citizens; No need to be banked with Ecobank
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RegistrationProcess

A bank account is not required to use this service. The Ecobank account is linked to an e-wallet. There are 3 levels of KYC:

(1) For unbanked/Tier 1, through name and phone number - Limited to N30,000 transactions

(2) For semi-banked /Tier 2, partial KYC with passport, photograph and valid ID cards - Limited to N10,000 transaction and N100,000 withdrawal/deposit.

(3) For banked/ Tier 3, full KYC with additional address verification - Limited to N100,000 transaction and N1,000,000 daily withdrawal/deposit.

Ecobank MobileMoney is available to all mobile phone subscribers on all the mobile networks in Nigeria, including Airtel, Etisalat, Glo and MTN. Security is through a 6-digit PIN number used to authenticate transactions.

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Main Segment Unbanked
Segment Description Can be used by banked and unbanked, urban and rural. It can be used by account-holders and non-account holders.

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