Ecobank Unveils New App to Boost SME Growth

Ecobank Nigeria has launched the Ecobank Business App, a new digital banking platform designed to strengthen the growth and sustainability of Small and Medium Enterprises (SMEs) across Nigeria.

The app allows business owners to manage payments, monitor transactions, oversee cash flow, and run day‑to‑day financial operations directly from their mobile devices.

This will eliminate delays, queues, and operational inefficiencies.

Accordimg to a statement by the bank, the new application is now available on the Google Play Store and Apple App Store.

Speaking at the launch in Lagos, Kola Adeleke, Executive Director, Consumer and Commercial Bank, said that the bank’s Business App was developed to address the unique challenges confronting Nigeria’s diverse SME landscape.

He explained that the platform caters to traders, retailers, tech start-ups, online businesses, hospitality operators, farmers, agro‑processors and manufacturers.

He said it would also be of immense use to construction firms, professionals, social commerce entrepreneurs, schools, associations, and organisations that require transparent and efficient financial management.

Adeleke noted that the app delivers faster payment collection for merchants and retailers, seamless digital transactions for online businesses, efficient vendor and staff management for hospitality players, timely payment solutions for agriculture value chains, and secure handling of bulk.

He said it would also deliver high‑value transactions for manufacturers and construction firms.

He noted that professionals such as lawyers and consultants could issue invoices and receive payments easily, while schools and associations could streamline fees, dues, and reporting from a single platform.

The launch reinforces the bank’s broader commitment to empowering SMEs through digital innovation, sector‑specific value propositions, and financial solutions such as structured loans, trade support, guarantees, and equipment financing.