To be honest I wasn’t too excited to hear about Ecobank’s new Mobile app. I thought well just another bank app, what’s new about that? Oh they do have something new. The Ecobank Mobile app comes with Masterpass QR, the one click payment solution from MasterCard.
What the heck is that right? Materpass QR is an e-payments solution that lets you use your mobile phone to make payments. Well, we already use mobile money services to do that, don’t we? Not like this. As is obvious the service uses QR codes to make payment.
No, not QR codes on products. Ecobank provides a merchant – that is a supermarket or even a street vendor – with a unique Masterpass QR code which you just scan with your phone through the Ecobank Mobile app. You then enter the amount you are to pay, then the PIN and you are done! You do your payment within three straightforward steps. Let me retrace them for you:
Fill up your trolley and drive it up to the smiling but exhausted checkout attendant and you will see the Masterpass QR code displayed at the counter. Or maybe in my fantasy Zim, you are sitting in your kombi and you lift up your head to see the Masterpass QR code behind the seat in front of you. You smile and launch (open) the Ecobank Mobile App
You scan the code with your phone…
You enter the total amount that your checkout attendant has rung up. In my parallel kombi universe, just enter the standard 50 cents.
You enter your PIN…
You are done actually. It really is that simple. Just take your plastic bags. The guard – no, the Security Officer at the door, will smile at you as you go your way. On planet kombi, just wait till you get to your drop off point and tell the Hwindi Officer, “Pamubanana.”
Here is why it’s a big deal:
You do not have a bank account with Ecobank? No Problem…
The Ecobank Mobile app is for both Ecobank account holders and non-account holders……Simply for everyone. You open an Ecobank Xpress Account using the app itself. You fund this account the same way you fund any other account and you can use it the same way too.
Scanning a QR code is faster than counting currency unless it’s just… $0.50 of course.
This may mean fewer minutes in line at the supermarket. Swipe machines can be a drag, right?
We are still learning this product and we will keep you in the loop if there are any new features to unravel. If you want to check it out yourself search for the Ecobank Mobile App in the Apple App Store or Google Play