Ecobank Xpress Cash: How an ambitious innovation wants to revolutionise banking in Cameroon ⁰

“Ecobank Xpress Cash” is the new money withdrawal option put in place by Ecobank. With this operation, customers of the Pan-African bank can now make withdrawals without a card. According to Ecobank, the option is a question of boosting through digital channels financial inclusion, currently estimated in the country to 20%, out of a population of more than 20 million people.

“The digital strategy in question directly favors one of the main factors of development of our economies, namely the financial and economic inclusion of the populations. Ecobank will thus be able to reach and serve more customers in Cameroon, including those who are unbanked, “the bank said.

It is vital to include in this report that in May 2017 Ecobank indicated its intention to capitalize on digital services. The bank launched “Ecobank Mobile App”, that helped individuals and companies to use bar codes for payments and banking partnership with third parties. With “Ecobank Xpress Cash”, the Pan-African bank is the only one among the fifteen commercial banks to offer this type of service in Cameroon.

By Soter Tarh Agbaw-Ebai with files from CIN