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Ecobank commences rapid transfer programme

By BusinessNews Staff on September 27, 2014

Ecobank Nigeria says it has commenced its Rapid Transfer “Back to School” campaign, which will enable parents and guardians to pay their children and wards school fees in a fast and convenient way.

According to a statement by the lender, the Rapid Transfer product is an innovative money transfer service available in Nigeria and African countries where Ecobank has operations.

The service was conceived out of the need to provide convenient, accessible, and reliable money transfer service for its retail and wholesale customers and non-customers.

The statement by the pan-African lender quoted its Deputy Managing Director, Mr. Anthony Okpanachi, as saying that the “Back to School” campaign was conceived to create the necessary awareness on the product.

He explained that the product was available to customers and non-customers of the bank.

Okpanachi said, “The Rapid Transfer facilitates access to funds across the country as well as enabling money transfers to and from any of the 36 African countries where Ecobank operates.

“This is an Ecobank proprietary send and receive money transfer product available in all Ecobank branches in Nigeria. The product allows you to send and receive money where Ecobank has its footprint.”

The Rapid Transfer service, he reiterated, was very suitable for trans-border traders, schools, students, travelers, parents, foreign nationals residing in Nigeria, churches and missions, embassies and consulates, regional airlines and transporters among others.

He added, “The uniqueness of the product is its swiftness in delivery and accessibility as transactions are concluded within five minutes at the receiving end. Transfers could be made in the form of cash to cash; cash to account; account to cash; account to account and cash pull.”

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