EcobankPay Partners PricePointe Wholesale Club, A New Entrant Into The Nigerian Retail Sector


Wednesday, April 24, 2019 /09:10AM /Ecobank


Ecobank Nigeria has introduced a multi-featured digital payment solution termed EcobankPay. Ecobank entered into collaboration with PricePointe Wholesale, a new entrant into the Nigerian retail sector, which started operations with the opening of a flagship warehouse at Ilupeju, Lagos; PricePointe Warehouse is modeled after the America’s Costco and Sam’s Club.

Speaking at the unveiling of the Pointe Wholesale Club Ultra-Modern Warehouse, Managing Director, Ecobank Nigeria, Patrick Akinwuntan assured customers of seamless transactions through the bank’s multi-featured digital payment solution, EcobankPay. The Managing Director, said “Ecobank is highly delighted as a bank to be part of this great vision. We salute this concept and the courage of these young Nigerians behind this project. Count us as worthy partner. We assure customers of seamless, stress free and convenient transactions through our innovative digital payment solutions.”

He further explained that EcobankPay enables the merchant receive credit instantly and also permits easy tracking of customers business profiling for quick access to credit, adding that it is safe, fast and reduces the risk of security in terms of exposure to cash or pilfering of merchant’s credentials and does not require any cost to set up.

Also speaking at the Launch, Founder and Chief Executive Officer of PricePointe Wholesale Club, Mr. Tayo Williams said, “PricePointe Club is pioneering this world-class multi-store multi-brand to provide a one-stop lifestyle shopping experience for Nigerians who want to shop in bulk conveniently, at a world class environment that’s convenient for them and their families, and most importantly, at really great prices.”


“With products and services sourced directly from manufacturers and providers, PricePointe club members will enjoy groceries, household items, appliances, insurance, flight tickets, petrol, diesel, and more at massive discounts you won’t find anywhere else; all of which are open to PricePointe club members. Retailers can also buy less than a carton but still enjoy Wholesale prices, as well as the convenient opportunity to shop from 6AM every day, including Sundays.” He added.


Mr. Williams disclosed that PricePointe Club has entered into partnership with various manufacturers and service providers to ensure that its members get the lowest possible prices. He mentioned global industry leaders such as Nigerian Breweries, Reckitt-Benckiser, Procter & Gamble, 7UP Bottling, and Indomie amongst those that have signed to work with them. Others are Binatone, Powergen, Powerhorse, UAC and many more. 


The PricePointe Wholesale Club flagship warehouse has other services such as Tire and battery centre, restaurants, dentistry, eye clinic, and many more. The launch event hosted by Chioma Omeruah, popularly called, ChyGurl brought together some of Nigeria’s most respected individuals, celebrities and industry leaders.

Proshare Nigeria Pvt. Ltd.

Related News

  1. ETI Successfully Raised $450m Via Its Debut Eurobond
  2. Ecobank Launches New 5-Year Eurobond at 9.75% Re-Offer
  3. ECOBANK Notifies of the Company’s 31st Annual General Meeting
  4. ETI Declares N102.17 bln PAT in Q4'18 Results,(SP:N13.20k)
  5. Nedbank’s 2018 Results Preview Ecobank Expectations; Cue Waiting Game
  6. Ecobank Transnational Incorporated Announces The Appointment of Arunma Oteh To Its Board of Director
  7. Ecobank Responds to Wrongful Allegations
  8. ETI Announces Closure of USD200m Syndicated Loan Facility: Oversubscribed By $268.5m
  9. Nedbank Associate Under Scrutiny - Sunday Times SA
  10. Compliance With IFRS IAS21 – ETI and The Effects of Changes in Foreign Exchange Rates
  11. Is ETI The Only Bank Using CBN Rates To Convert Its USD Results Into NGN and Vice Versa?

 Proshare Nigeria Pvt. Ltd.

Related News