The launch of the service follows the implementation of a seamless account opening procedure for customers who do not have domiciliary accounts with Ecobank Nigeria Ecobank Nigeria (www.Ecobank.com/ng/), an affiliate of the leading Pan-African banking Group, Ecobank Group, has extended its innovative remittance services to its business account holders. Under the new plan, business customers
Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking sixth in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped
During the prestigious Euromoney Awards, Ecobank won the coveted titles of ‘Africa’s Best Bank,’ ‘Africa’s Best Bank for SMEs,’ and ‘Africa’s Best Digital Bank.’ The Euromoney Awards for Excellence, which have been running for 30 years, are highly regarded by the global banking industry. Ade Ayeyemi, Chief Executive Officer of Ecobank Group, said:” I am
The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets. Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed
The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion. CR2’s digital banking platform – BankWorld – will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading
The UBA branch in the DIFC will service corporate & financial Institutions and customers across the Middle East with a core focus on correspondent banking, relationship management and advisory services The United Bank for Africa (UBA) (www.UBAGroup.com), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20
The highly anticipated modernisation of the country’s inter-banking payment system will not only boost financial inclusion but make it much easier, and cheaper, for consumers to pay both merchants and fellow consumers whilst boosting e-commerce sales says Andrew Springate, CEO of tech and financial gateway service provider PAYM8. South Africa’s Rapid Payments Programme (RPP) is
The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing Bank One (www.BankOne.mu) is pleased to announce that it has received a Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook from Fitch Ratings for its first rating exercise. The rating was made public by
Standard Bank believes that the right capital and capacity interventions now will set East Africa on a sustainable path to prosperity, including the very real possibility of becoming middle-income economies within a generation. In line with the Group’s purpose of driving Africa’s growth, the emergence, proliferation, and expansion of small and medium businesses in East
For CBDCs to improve cross-border payments, central banks must make fundamental decisions on foreign access and how CBDCs connect across jurisdictions. CBDC design must consider cross-border functionality at an early stage and international cooperation and coordination are prerequisites. Joint report assesses different options for access to and interoperability of CBDCs and concludes there is no
