Ecobank has launched an international money transfer services called Rapid Transfer which will allow EcoBank customers access local currencies of host countries where the bank has presence.
Ecobank
The service which is already operational in over 30 African countries including Uganda will increase the bank’s capability to provide accessible, flexible and convenient financial services.
In a press statement seen by Ultimate Media, the bank says that some of the unique features the service has are sending and receiving money at all Ecobank branches across the African continent, instant transfer of money and making payments in host country local currencies among others.
The service is expected to be a big boost to East African business community since the bank has presence in all the five East African Community countries of Uganda, Kenya, Tanzania, Rwanda and Burundi.
This offering, the first multi-currency card service in Africa, is expected to alter the payment system in the continent including creating a new level of convenience in global e-payments.