Ecobank Rapidtransfer for Nigerians in Diaspora

  • Ecobank Rapidtransfer for Nigerians in Diaspora

Managing Director/CEO, Ecobank Nigeria, Patrick Akinwuntan has called on Nigerians living abroad who wish to send money to their loved ones in the country particularly this yuletide season to do so through the bank’s Rapidtransfer app.

Ecobank charges zero fees for all transfers done through the Rapidtransfer app up until 31st January, 2019. “The Rapidtransfer removes all the bottlenecks, burden and inefficiencies usually associated with remittances. The app provides simple and secure digital onboarding where users can choose how and when funds are delivered to the intended beneficiary, with transparent foreign exchange rates prior to each transaction”, he stated.

Further, the bank managing director says : “I wish to encourage our brothers and sisters living abroad who wish to send money to their relatives this season to do so through our Rapidtransfer app. This is a game changer in the way Nigerians can send money to their loved ones. They do not have to physically visit an agent. Rapidtransfer removes all of these issues and its standout affordability as we do not charge any fee for now. I wish to encourage them to sign up on this app and enjoy our seamless and cheap remittance service.”

Akinwuntan who was speaking in Lagos urged Nigerians to pass the message across to their relatives abroad to take advantage of the new and innovative means of remitting hard earned monies home, noting that the service is open to Ecobank and non-Ecobank customers.

The Rapidtransfer app is regarded as a game changer for remittances to Africa as it is designed to enhance remittances to Africa by drastically reducing cost, while also tackling the long, burdensome and inefficient processes Africans abroad face when sending money to their home countries. Through the app users are able to Send money instantly to and across 33 African countries.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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