Wednesday, January 22, 2025
24.9 C
Lagos

Ecobank Group, TransferTo to Expand Financial Access, Payments in Africa

 

TransferTo, a Singapore-based global technology group, and Ecobank Group, the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa.
This strategic partnership brings together TransferTo’s companies — Thunes, Ezra, DT One and Tookitaki- with Ecobank to expand access to credit, digital products and cross-border payment solutions. The collaboration will create a safe, inclusive financial ecosystem that bridges markets, enabling swift reliable payments across borders and offers financial empowerment tools to millions of Africans and businesses.
By uniting their expertise, TransferTo and Ecobank will drive financial inclusion, empower underserved communities, and establish secure, seamless digital pathways that connect Africa’s economies with the rest of the world.
Peter De Caluwe, CEO, TransferTo: “Our partnership with Ecobank empowers us to unite the strengths of our companies — such as Thunes and DT One — and reshape financial access across Africa. By integrating our expertise with Ecobank’s deep local knowledge, we are crafting secure, straightforward pathways to credit, payments and financial growth for millions of people. This alliance is more than a partnership, it’s a mission to fuel positive change across the continent.”
Jeremy Awori, CEO, Ecobank Group: “Joining forces with TransferTo and its companies Thunes and DT One, enables us to bring world-class financial solutions to Africa. Together, we are expanding the reach of reliable, secure services to individuals and businesses with the financial tools that they need to thrive. This partnership marks a significant step towards bridging gaps and unlocking potential across African communities.”
Partnership Details:
Thunes and Ecobank: Facilitating fast, reliable cross-border payments across Africa via Thunes’ Direct Global Network, including QR code payments that connect global financial apps to China’s cashless economy, simplifying cross-border transactions.

DT One and Ecobank: Enhancing customer engagement with integrated digital rewards; offering airtime, data bundles, gift cards and vouchers through Ecobank’s Mobile App and Xpress Accounts.

Ezra and Ecobank: Expanding access to nano loans and Buy Now, Pay Later (BNPL) options; empowering underbanked individuals to build credit histories and progress to larger loan opportunities.

Tookitaki and Ecobank: Strengthening compliance with anti-money laundering (AML) technology and providing specialised training for Ecobank’s team to enhance financial security.

 

spot_img
spot_img
spot_img

Hot this week

Linkage Assurance CFO Becomes Pioneer Chairman of ICAN-NIA Chapter

L-R: Bola Odukale, Director-General/CEO, Nigerian Insurers Association (NIA); Etofolam...

NAICOM, Police Partner on Enforcement of Third Party Motor Insurance

The Commissioner for Insurance and Chief Executive Officer of...

Fidelity Bank Strengthens Leadership with New Board Appointments

In a strategic move to sustain its impressive performance,...

PenOp Explains the Contributory Pension Scheme Process in Nigeria

Understanding How Monthly Pensions Are Paid to Retirees Under...

Sovereign Trust Insurance Receives Appreciation Plaque from Atinuke Cancer Foundation

L-R: kayode Adigun, Executive Director, Finance and Corporate Services;...

Topics

Stanbic IBTC Bank Wins Best Foreign Exchange Provider Award

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC...

Danbatta Receives APPON Award, Assures of Broadband Support for e-Procurement

L-R: Prof Umar Garba Danbatta, Executive Vice Chairman/Chief Executive Officer,...

African Economic Conference 2016 for Dec. 5 in Abuja

The 11th African Economic Conference (AEC) will take place...

Sovereign Trust Insurance: N16.3bn Assets, N13bn Premium, N4bn Claims in 2021

Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc Sovereign Trust Insurance Plc...

Unilever, Stallion Group Storm Lagos Shopping Festival 2015

Unilever Nigeria Plc, Stallion Group, STACO Insurance Plc and Accion Microfinance Bank Limited have joined a long list of other firms to confirm participation at the maiden Lagos Shopping Festival 2O15 set for December 17, 18 and 19 at Tafawa Balewa Square [TBS], Lagos. The theme of the Festival is: ‘Reinventing the Nigerian Economy via Non-oil Export.’ Other corporate firms set to join the train include Yudala, Skye Bank Plc, Ogun Property & Investment Corporation [OPIC], Wema Bank Plc, Chemical & Allied Products [CAP] Plc, Mr. Biggs amongst others. Prince Cookey, CEO, Lagos Shopping Festival 2O15, says the confirmation of participation by these leading firms is a clear indication that the Festival is on a positive path towards enduring legacy. He said Festival is a bargain opportunity for shoppers and business opportunity for corporate organisations to showcase their products and services in the December shopping season. “December is undoubtedly the NO 1 shopping season in Nigeria. The Festival would be a showcase of consumer goods, financial/insurance services, machinery, automobile and food etc. The essence is to provide consumers the unique opportunity of shopping for a wide range of goods and services at bargain prices while enjoying rare combination of music and entertainment at the venue.”

Stanbic IBTC Showcases Strong CSI Through Together4ALimb Initiative

As a socially responsible organisation, Stanbic IBTC Holdings PLC...

Stanbic IBTC Unveils Educational Payment Products to Usher Students Back To School

As another school year beckons, Stanbic IBTC Bank PLC,...

DRONES: $100bn GDP Boost, 5m Job Opportunities in India-WEF

Putting drones at the centre of a technology-led transformation...
spot_img

Related Articles

Popular Categories

spot_imgspot_img