Ecobank signs framework agreement with OiLibya

Mr Ayeyemi

Mr Ayeyemi

Ecobank Transnational Incorporated, the parent company of Ecobank, the Pan-African banking group has signed an agreement with OiLibya, the Pan-African oil and gas downstream company, for the distribution of digital financial services.

The contract empowers OiLibya teams to distribute a variety of digital financial services across the continent in partnership with Ecobank in accordance with local regulations.

Ecobank leverages the power of digital to deliver convenience to its customers. Ecobank Mobile App, Ecobank Masterpass Merchant QR, Ecobank XpressAccount, Internet banking, Pan African Card, Automated teller machines, Points of Sale are just some of the digital services that Ecobank has created to make banking easier, more accessible and cost-effective than ever before.

Ecobank Group CEO, Ade Ayeyemi  in a statement issued by the Bank said “This partnership with OiLibya demonstrates our commitment to bring affordable banking to the doorstep of every African, as we seek to serve 100 million customers by 2020.”

“Ecobank believes it is the right of every African to have access to financial services and we are leveraging digital, mobile and retail chains across Africa to provide ubiquitous e-banking,” he said.

Libya Oil Holdings Ltd CEO, Mr Ibrahim Bugaighis said “We are pleased to partner with Ecobank to bring financial services to customers more conveniently through our network of service stations, and thus help improve their accessibility. OiLibya is a leading distributor of petroleum and convenience products on the African continent.

This partnership with Ecobank he said was in line with our vision of contributing to the economic and social development of Africa.

“ OiLibya service stations are increasingly evolving to become multi-service destinations, offering not only fuels and lubricants but also auto care services, convenience stores, restaurants, cash points and much more,” he said.

By Times Reporter

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