Pan African financial institution, Ecobank has launched an international cross-border payment solution, enabling transactions across 30 African countries.
The roll out has taken place within two years in 30 countries on the African continent, resulting in a 22 per cent increase of electronic customers and transaction multiplication of 200 times after 18 months.
Albert Essien, deputy group chief executive officer (CEO) for corporate and investment banking at Ecobank, explained it was aiming to develop a cash management system catering for a diverse array for businesses while still supporting big amounts of transactions throughout its network. “We moved quickly to implement a robust solution that will facilitate cross-border and multi-currency business for our customers, removing many of the traditional bottlenecks in the cash management process,” Essien said.
The roll out has taken place within two years in 30 countries on the African continent, resulting in a 22 per cent increase of electronic customers and transaction multiplication of 200 times after 18 months.
Albert Essien, deputy group chief executive officer (CEO) for corporate and investment banking at Ecobank, explained it was aiming to develop a cash management system catering for a diverse array for businesses while still supporting big amounts of transactions throughout its network. “We moved quickly to implement a robust solution that will facilitate cross-border and multi-currency business for our customers, removing many of the traditional bottlenecks in the cash management process,” Essien said.
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