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 50,000 locations 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.”
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