Ecobank Promotes Ease of Cross-Border Business

By Modupe Gbadeyanka

The recent introduction of foreign currency transfer on Ecobank Mobile and Omnilite app was to promote and facilitate ease of cross-border business and financial transactions, Ecobank Nigeria has said.

In a statement, the Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, disclosed that the initiative was in line with innovations in the banking industry.

According to her, domiciliary account holders of the bank can easily send up to $10,000 at a time without hindrance, adding that this would be of immense benefit to individuals and small businesses across Africa.

Ecobank Nigeria recently said its customers can now transfer money in seconds to 33 African countries where Ecobank Group operates using Ecobank Mobile and Omnilite apps, and the recipient gets immediate credit in the target country’s local currency.

“While cash transfers are restricted to $10,000 per day, there are no such restrictions for international transfers that are not funded by foreign currency cash. Let the boundaries of your finances be effortlessly broadened with Ecobank,” Mrs Demola-Adeniyi noted.

She listed the steps to access the Ecobank Mobile app to include the following; once logged in, navigate to the menu and locate the Transfer option; select the Ecobank Africa transfer option and specify the destination country for the transfer; choose the appropriate mode of delivery for the transfer, ranging from CASH, WALLET, INTERBANK, ECOBANK ACCOUNT, or XPRESS ACCOUNT; provide accurate recipient details and indicate the reason for the transfer, and enter the desired transfer amount and finalize the transaction by pressing the Send button.

Also, to access Omni Lite, visit www.ecobank.com, select Omni Lite and provide username and password to log in or log in via the Omni Lite mobile app; click on the toggle menu button at the top left of the home page; select the transaction and then select Ecobank Africa; select the account to debit (USD); select the destination country; input the beneficiary account, confirm details, and click on next; input the OTP sent to his/her registered mobile number and or email address and inputs the token generated on the Ecobank authenticator app for amounts above N1 million or its equivalent FCY.