ECOBANK Nigeria has commenced the Agency Banking services, which would enable its appointed partners to carryout banking services on its behalf. 
 
The agency banking model, designed by the Central Bank of Nigeria, would increase the bank’s retail distribution network.
It was scripted to provide basic banking services to customers, as well as offer payment services such as bank transfers, bill payments and airtime top to the general public. 
 
It is also intended to offer basic banking services to the under banked, while providing extended hours for available banking services in the customers’ neighborhood.
 
The Head, Cards and e-Banking, Ayotunde Kuponiyi, said the launch of the services was part of the bank’s distribution strategy to take banking service to the door-step of its customer. 
 
“This is extending our banking services to consumers’ neighborhood to offer even greater convenience and accessible financial services in a cost effective and secure manner” he said.
 
Already, Buymore Supermarket chain (Agungi-Lekki, Kilo Surulere, Ikeja GRA); Kenzo Retail Supermarket chain (Lekki, Festac and Apapa); and Save-a-Lot Supermarket in Egbeda, are now offering the services.
Kuponiyi maintained that more locations are coming up in Lagos and other major cities and towns across the country.

Banking services provided by the agents banking locations include opening Ecobank Quick Account, cash withdrawal and deposit into Ecobank accounts; funds transfers into any bank account in Nigeria, bills payment (utilities, cable subscription), mobile phone airtime top up among others.