Monrovia — Ecobank Liberia and Lonestar MTN have officially launched the Push and Pull service to the benefit of their respective customers and subscribers. The service which works based on reciprocity, allows Ecobank account holders to link their bank accounts to their MTN mobile money wallets, enabling them to move money from "bank to wallet" and vice versa.
The service will also allow customers of Ecobank and subscribers of Lonestar cell MTN who are excluded from financial services to now have access to basic financial services through their mobile phones.
Speaking at the launch, Mr. George Mensah-Asante, Managing Director of Ecobank said the introduction of this Push and Pull service is part of a mutual agenda of both institutions to move Liberia towards a cash-lite economy since the commencement of their partnership over a decade ago. "The mobile phone operator -Lonestar MTN and the Pan-African bank, Ecobank, are today meeting to further advance a long-standing partnership through value addition. This partnership will enable customers using the Push and Pull service to seamlessly move monies from their accounts without restriction as to how much can be withdrawn".
Mr. Mensah-Asante further noted that the over 200,000 mobile app users and over 175,000 Xpress account holders, will greatly enjoy the convenience this service brings to the table. "We believe as a bank, that collaborations and interoperability provide great gains to customers and subscribers, allowing them to benefit from services on both sides and enhancing their ability to transact remotely in a safe and secure manner especially in the wake of the COVID-19 pandemic".
According to Ecobank Managing Director, the launch of the Push and Pull Service is another milestone for the bank since the commencement of their digital journey several years ago. "As a Pan African Banking Group, we have a key objective of promoting financial inclusion and empowering the large unbanked and underserved people of Africa. We are committed to this objective and we encourage all our customers and account holders, including Xpress account holders to utilize our digital banking channels for convenience and safety. For the unbanked, we believe this new service will be beneficial and will provide you with new opportunities".
For his part, Mr. Gibson Kollie, Ecobank Head of Consumer Banking, explained at the launch of the product that to gain access to the Push and Pull Service, an individual should visit any Ecobank Branch to link his or her Ecobank account to […]
