Ecobank Transnational Incorporated has announced another strategic partnership with TransferTo company. This is coming days after the company collaborated with Nium to enhance cross-border transactions in Africa. Ecobank GCEO Jeremy Awori and TransferTo CEO Peter De Caluwe signed the Memorandum of Understanding (MoU) during the Singapore FinTech Festival held last week.
While announcing this partnership on its LinkedIn page on Tuesday, the pan-African bank noted that the partnership aims to enable millions more Africans to have access to digital products, credit, and seamless cross-border payments.
Through TransferTo’s subsidiaries – Thunes, Ezra, DT One, and Tookitaki, Ecobank will provide quick and safe financial solutions to strengthen marginalised communities and link Africa’s economies with the rest of the globe.
Read also: Ecobank partners Nium to enhance cross-border transactions in Africa
“As we advance into our transformation agenda, this partnership is another important milestone achieved in our commitment to leverage our pan-African payment platform to drive financial inclusion and transform the African financial landscape,” stated Ecobank.
On Monday, Ecobank Transnational Incorporated announced that it signed an agreement with Nium, a global fintech company that specialises in cross-border payments, to provide real-time payment capabilities in 35 African markets.
The agreement, which will enable 35 Sub-Saharan African nations to have access to smooth, effective international transactions, was signed last week by the Group CEO of Ecobank, Jeremy Awori and EVP of Nium, Anupam Pahuja, at the Singapore Fintech Festival.
About Ecobank Transnational Incorporated
Ecobank Transnational Incorporated (ETI) is the parent company of the Ecobank Group, a top independent pan-African banking firm.
With over 14,000 employees, the Ecobank Group provides consumer, business, and corporate banking services to about 20 million clients in 35 African nations.
In addition to representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the United Kingdom; and Dubai, the United Arab Emirates, the Group holds a banking licence in France.
Bank and deposit accounts, loans, cash management, advising, trading, securities, wealth, and asset management are all among the comprehensive banking products, services, and solutions that the Group provides.
ETI is listed on the Bourse Régionale des Valeurs Mobilières in Abidjan, the Ghana Stock Exchange in Accra, and the Nigerian Stock Exchanges in Lagos.
Read also: Ria and Ecobank simplify money transfers and increase financial inclusion in Uganda
About TransferTo
TransferTo is a consortium of top technology firms that drive smart fintech solutions globally. The company offers innovative financial services.
It addresses intricate problems with an emphasis on developing markets, facilitating everyone’s access to and involvement in the economy.
It connects communities in more than 160 countries while operating worldwide and with in-depth local understanding.
The top mobile operators, digital wallets, mega applications, and marketplaces in the globe are among its clients.
Its brands facilitate value transfers, buy now, pay later experiences, and smooth payments inside its interfaces.