Ecobank Nigeria extends remittance services to business account holders

Ecobank Nigeria extends remittance services to business account holders

Ecobank Nigeria has extended its innovative remittance services to its business account holders.

This implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business (B2B), Business to Customer (B2C) and Customers to Business (C2B) transaction types directly into their business accounts.

The bank is also working to enlist other International Money Transfer Operators (IMTOs) for a more robust remittance offering.

Disclosing this in Lagos, Head of Consumer Banking Korede Demola – Adeniyi, said the launch of the service affords business owners in Nigeria to receive monies sent by both individuals and corporate organizations anywhere in the world instantly to their Ecobank domiciliary accounts, stating that the bank has put in place seamless account opening procedures for those who do not have domiciliary accounts for them to enjoy the service.

She maintained that the development is in line with the bank’s strategy to provide accessible remittance services to Nigerians, listing the various channels through which these remittances can be accessed such as Rapidtransfer app, Ecobank Mobile App, Ecobank Online, and any of the bank branches.

“For us as a bank, we are excited about these and other future collaborations as our contributions drive remittance inflows into the country, promote trade and foreign direct investments, create businesses, spur entrepreneurship, and generally develop the Nigerian economy.

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