Ecobank Nigeria has launched a digital business banking application designed to streamline financial management for small and medium enterprises across the country. The Ecobank Business App is available on Android and iOS platforms and offers a range of tools to facilitate payments, track transactions, and manage cash flow efficiently.
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Features and usability
The app is tailored to meet the needs of traders, tech startups, online businesses, farmers, manufacturers, and hospitality operators. Users can monitor transactions in real-time, process payments to vendors and staff, and manage finances without visiting physical branches. The platform also aims to enhance financial transparency and improve operational efficiency for SMEs.
Speaking at the Lagos launch, Kola Adeleke, Executive Director of Consumer and Commercial Banking at Ecobank Nigeria, stated that the app addresses persistent banking challenges for SMEs, including long queues, delayed transaction processing, and difficulty managing multiple accounts.
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Digitalisation and SME growth
The initiative reflects the broader digitalisation trend in Nigerian banking, which is increasingly seen as a critical enabler of business resilience and growth. By providing SMEs with accessible digital tools, the app reduces operational bottlenecks and improves financial management capabilities, enabling small businesses to focus on expansion and service delivery.
Analysts highlight that the Ecobank Business App can strengthen SMEs’ digital footprints, enhance access to credit and investment opportunities, and foster sustainable growth. The bank’s approach positions it as a strategic partner for SMEs seeking to adopt technology-driven solutions to scale operations.
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Sector impact
The launch of the digital business app aligns with government and industry efforts to support SMEs and improve financial inclusion. By simplifying banking processes, Ecobank is enabling small enterprises to operate more efficiently, increase transparency, and participate more actively in the national economy.
