Branchless Banking from Ecobank's affiliate in Nigeria, ACCION Microfinance Bank ('AMfB') Link to external site : Website for Ecobank Mobile Money Nigeria |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2012 Jun Register/Log In |
| Importance |
High Register/Log In |
| Traction | |
| Evaluation | |
| Account Type |
Branchless Banking Account Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Agent  Mobile |
 Cash  Wallet |
 |
 AT  BB  BP  CICO  DMT  MM  MP |
|
Cash Wallet |
Agent Mobile |
| Model |
bank based Upgrade to Bronze |
| Who Leads? |
bank led Upgrade to Bronze |
| Reach |
Subnational Upgrade to Bronze |
| Active Users |
57,000 Upgrade to Bronze |
| Registered Users |
57,000 Upgrade to Bronze |
| Potential Mobile Market (m) |
101.752 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| 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. Upgrade to Bronze |
| 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. Register/Log In |
| Technologies |
SIM-based application. Register/Log In |
| Interoperability |
All Nigerian citizens; No need to be banked with Ecobank Register/Log In |
| 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. |
| 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. |