GTBank And Eco Bank Awarded At CBN EPIS Award

uaranty Trust Bank and Ecobank Nigeria Ecobank Nigeria over the weekend carted away awards at the 2019 edition of the Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS) Efficiency Awards.

The CBN EPIS Efficiency Awards is organised to celebrate financial institutions, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria. Now in its fourth edition, the awards are based on objective analysis of all e-payments data collated by the Nigeria Inter-Bank Settlement System (NIBSS) over a full calendar year.

According to the NIBSS, the annual award puts into consideration electronic payment transactions data rendered to CBN by Banks and other licensed payments service providers as well as public voting and surveys administered to industry stakeholders for transactions within the year under review.

GTBank won eight of the twelve honours available to banks in the 2019 edition of the awards while Ecobank won one.

Ecobank won Electronic Data Rendition Compliance and Integrity awards while GTBank won Best Customer Experience award, Real-Time Payments Transaction Efficiency award, Cashless Driver, USSD Channel Champion: Cashless Driver,

Point of Sale (POS) Transactions award, Cashless Driver, Card Usage on Point of Sales (POS) Terminals award, Direct Debit Driver award, E-Reference Operations Efficiency award and ID Services Driver award.


Commenting on the bank’s EPIS awards, the Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, Mr Segun Agbaje, said: “We are proud to be recognised by the CBN EPIS Efficiency Awards for our efforts in driving excellence in electronic payments and providing customers with a superior banking experience across all digital touch points.

These awards serve as extra motivation for us and we continue to find new and exciting ways to reduce our customers’ pain points and offer them benefits beyond banking”.

He further stated that; “At GTBank we are passionate about building the bank of the future that connects our customers directly to all the everyday things that matter to them.

That is why we are constantly leveraging the best of technology to, not only make financial services cheaper, more personal and readily accessible, but also to create amazing digital experiences in a way that adds real value to our customers’ lives.”

Managing Director, Ecobank Nigeria, Patrick Akinwuntan, while commenting on the awrd won by his bank stated that the award lends credence to the accuracy and integrity to “our electronic data and the proper rendition and compliance to the regulator’s standard.

This also attests to Ecobank’s digital contributions and innovation in the Nigerian financial sector. We are using our digital strength to push financial inclusion in Nigeria. Our array of electronic products includes the EcobankPay, Rapidtransfer, Omni-Lite.”

He further reiterated that Ecobank is “excited to receive the NIBSS award for outstanding performance in Electronic Data Rendition, Compliance and Integrity. We are at the forefront of financial inclusion in Nigeria.

Our digital offerings have simplified financial transaction processes and are safe, fast and reliable. There are testimonies on the efficiency of our products and we are happy that the regulators recognise our efforts”.

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