MTN, Ecobank expand ‘cardless’ Mobile Money ATM services
MTN, leading telecoms company, and Ecobank, the biggest bank in the country have partnered to extend cardless ATM services to all Ecobank Automated Teller Machines (ATMs) across Ghana.
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With this partnership, MTN Mobile Money subscribers can now enjoy the convenience and ease of withdrawing money instantly from Ecobank ATMs anytime and from anywhere without a card.
By this, Ecobank becomes the latest partner bank to offer this service to MTN Mobile Money subscribers in the country.
According to the Senior Manager for MTN Ghana Mobile Money, Eli Hini, “MTN is constantly finding new ways of delighting customers through our Bold New Digital strategy”.
He urged other banks to emulate this initiative to enrich the user experience of customers.
On his part, the Regional Manager, Cards and Electronic Banking, (Ghana & WAMZ), Ecobank, Mr E. Owureku Asare, said, “the partnership with MTN to offer Mobile Money customers the opportunity to perform Cardless withdrawals from over 200 Ecobank ATMs in Ghana is to strategically make branchless banking a reality by activating multiple channels”.
“These channels include mobile phones, internet, Points of Sales (POS), ATMs and through Agents,” he added.
Mr Asare further noted that, the branchless banking strategy will provide convenience that complement’s the lifestyle needs of the Ghanaian.
He stated, “increasing access to banking services for Africans including the youth, under-banked and unbanked, with cheaper and more convenient financial services is at the heart of Ecobank’s strategy”.
To access the service
To access the service, subscribers need to dial *511# on their phone and generate a token for the withdrawal. The token number is then used to withdraw the money at any Ecobank ATM in Ghana. Each token generated can only be used once.
Customers on MTN Mobile Money
MTN Mobile Money has more than two million customers. The service can be accessed in all MTN branch offices, Ecobank and other partner bank branches and more than 8,000 other merchant points across the country.