ga('send', 'pageview');

Ecobank, Transfast Partner on Expatriates Funds Transfer

By Dipo Olowookere

In order to ease expatriates funds transfer from across the world to Nigeria, Ecobank Nigeria has entered into a strategic agreement with Transfast.

The partnership will allow Nigerians working in other countries send money through any of Ecobank branch in local currency direct to the beneficiary’s bank account 24/7, or for cash pick-up at more than 3,500 payout locations in Nigeria.

Ecobank Nigeria is a member of the leading pan African banking group, while Transfast is a leading international provider of cross-border payments and remittance solutions.

ALSO READ  Euromoney Names Ecobank ‘Best Digital Bank in Africa’

Head of Consumer Banking at Ecobank Nigeria, Mr Tunde Kuponiyi, explained that deal was in line with the lender’s decision to boost its remittances bouquet of product and services for its customers.

“This latest addition reinforces our commitment as a Bank to giving our customers access to world class service.

“Transfast has a pedigree for swift and excellent service delivery. We are confident this will further stimulate activities in the remittance business,” Mr Kuponiyi said.

ALSO READ  Ecobank Wins Best Digital Strategy Award

He added that, “This new addition is to give our customers a more robust option on our  list of remittance products.

“We already have available to our customers Rapid Transfer, Western Union, Money Gram or Ria Money Transfer in any Ecobank location in the country.”

On his part, the Director of EMEAA at Transfast, Mr Samir Vidhate, said as a global player in payment processor and funds transfer, the company understood the vital lifeline provided by remittances being sent back to Nigeria.

ALSO READ  Afreximbank, Ecobank to Inject $500m into African Trade

He said the company was working daily to drive greater awareness of its service to Nigerians living and working abroad.

“We are committed to the region and will be closely partnering with banks for continued growth. We want customers from Nigeria to know that Transfast always delivers great value when you are sending money home.

“Our company is pleased to visit Nigeria to meet our valued partners and customers, and to share that message,” Mr Vidhate said.

Related Articles

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

more recommended stories

%d bloggers like this: