Zenith Bank Plc has launched a new mobile banking solution to make banking simpler and interesting. The bank’s *966# Eazybanking solution, launched into the Nigerian market, will complement the Central Bank of Nigeria’s (CBN’s) effort to build a cashless economy and enhance financial inclusion.
The Unstructured Supplementary Service Data (USSD) banking solution enables people to perform financial transactions on all known mobile phones (Feature, Smartlite or Smart), without having to go on the net or download a mobile app.
The lender explained USSD is a Global System for Mobile (GSM) communication technology used to send texts between a mobile phone and an application programme in the owner network and the adoption of this technology allows people to do a lot of banking transactions even on the most basic of mobile phones.
It said the simple solution allows mobile phone users buy airtime, transfer money, pay bills, check their account balance and even open a Zenith Bank account, anytime and anywhere.
It positions the bank for future growth as internet penetration continues to deepen in Africa and the use of mobile phones becomes the new and preferred banking channel.
Customers register by dialing *966# from their registered mobile numbers and following a simple set-up as prompted by a string of instructions after which they can easily carry out banking activities anytime, anywhere, from the comfort of their mobile phones.
To open a Zenith Bank account, potential customers are required to dial *966*0# and follow the prompts, following which an account number is automatically generated for the customer and they can start running the account after a short visit to any of the bank’s branches.