Ecobank extends rapid transfer services to banks account holders

Ecobank has extended the capabilities of its Rapid Transfer product enabling all bank account holders in Nigeria receive money via the Rapid Transfer instantly from 33 African countries where Ecobank operates.

With this development a bank account holder in any bank in Nigeria, who is privileged to receive transfer of funds from within Africa can now benefit from the Ecobank Rapid Transfer product. Rapid Transfer is an Ecobank proprietary send and receive money transfer product available in all Ecobank location across Africa.

This unique product facilitates easy transfer and access to funds across Nigeria and in all countries where Ecobank is present.

Announcing this new development in Lagos, Head Remittance, Consumer Banking, Ecobank Nigeria, Esther Obot, said this is a strategic initiative that expands the reach of the product and allows non customers of Ecobank access the enormous benefits offered by this product.

According to her, this is a more convenient way we believe bank customers in Nigeria can be served better.

She explained that the Rapid Transfer service was conceived by Ecobank out of the need to provide convenient, accessible, and reliable money transfer service for its retail and wholesale customers and non-customers alike. The uniqueness of this product is its swiftness in delivery and accessibility as transactions are consummated instantly at the receiving end.

“No matter the bank you have your account, you can receive money through Rapid Transfer” she reiterated.

Rapid Transfer into other banks is the first of its kind in Nigeria and it is designed to save the customers from the risk of carrying cash as well as facilitate easy payment