Ecobank Group signs remittance partnership with Small World Financial Services
Business
INTERNATIONAL money transfer provider Small World Financial Services, Small World, has signed a partnership with Ecobank, a pan-African banking group, based in Lomé, Togo.
The agreement brings the strengths and assets of both organisations to offer money transfer services to Africans in the diaspora. This is an exciting development for both Small World and the Ecobank Group as Small World can continue to grow its global customer base as well as its 250,000 pick-up locations, while Ecobank, with its footprint across 33 African countries can further expand its remittance reach within African communities across Europe and other parts of the world. Small World customers will be able to access the unparalleled Ecobank Africa -wide network in three ways: Direct transfer to Bank accounts, mobile wallet; and cash pick up at any Ecobank location.
This partnership will further financial inclusion in Africa as Ecobank will make available the Ecobank Xpress Account (a mobile based bank account developed for the unbanked and under-banked) for the recipients of remittances sent by Small World Financial Services’ customers.
Nick Day, chief executive and founder of Small World, said: “We are delighted to be forging a partnership with Ecobank. It is a leading bank in Africa with over 50,000locations in the region which means our global customers get access to even more ways to send money home to African countries. Importantly, Ecobank shares our commitment in delivering great customer service alongside providing fast, affordable and reliable transfers.
Nana Araba Abban, Ecobank Group Consumer Banking head, added: “We’re proud to offer seamless payments across our vast borderless network in Africa. At Ecobank, we value partnerships, such as this, that enable Africans in the diaspora to remit money affordably and conveniently. This provides a win-win partnership as Ecobank can offer banking services to Africans wherever they are on the globe.”Ecobank shares Small World’s commitment of making financial services seamless, convenient, and interoperable across Africa.”
– Feb 17, 2021 @ 6:32 GMT /
Related Posts
Dele Alake in cap flanked by others
ALAKE urges mining CEOs to champion mining development, establish banks. The Minister of Solid Minerals Development, Dele Alake has charged...
Read MoreZenith Tech Fair 4.0 ends on a hifg as hackathon winners get 77.5m cash reward
A total sum of N77.5 million in prize money was won at the end of a keenly contestedhackathon session at...
Read MoreBoI raises $5bn, plans N120bn MSME support
THE Managing Director of Bank of Industry (BoI), Mr Olasupo Olusi, says the bank has raised over $5 billion from...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.