ECOBANK GROUP SIGNS A REMITTANCE PARTNERSHIP WITH SMALL WORLD FINANCIAL SERVICES
London, 10 September 2020 - Leading international money transfer provider Small World Financial Services (“Small World”), has signed a partnership with Ecobank - the leading Pan-African banking group, based in Lomé, Togo. The agreement brings the strengths and assets of both organisations to offer money transfer services to Africans in the diaspora.
This is an exciting development for both Small World and the Ecobank Group as Small World can continue to grow its global customer base as well as its 250,000 pick-up locations, while Ecobank, with its footprint across 33 African countries can further expand its remittance reach within African communities across Europe and other parts of the world.
Small World customers will be able to access the unparalleled Ecobank Africa - wide network in three ways: Direct transfer to Bank accounts, mobile wallet; and cash pick up at any Ecobank location.
This partnership will further financial inclusion in Africa as Ecobank will make available the Ecobank Xpress Account (a mobile based bank account developed for the unbanked and under-banked) for the recipients of remittances sent by Small World Financial Services’ customers.
Nick Day, Chief Executive and Founder of Small World, said: “We are delighted to be forging a partnership with Ecobank. It is a leading bank in Africa with over 50,000 locations in the region which means our global customers get access to even more ways to send money home to African countries. Importantly, Ecobank shares our commitment in delivering great customer service alongside providing fast, affordable and reliable transfers.”
Nana Araba Abban, Ecobank Group Consumer Banking Head, added: “We’re proud to offer seamless payments across our vast borderless network in Africa.At Ecobank, we value partnerships, such as this, that enable Africans in the diaspora to remit money affordably and conveniently. This provides a win-win partnership as Ecobank can offer banking services to Africans wherever they are on the globe.” Ecobank shares Small World’s commitment of making financial services seamless, convenient, and interoperable across Africa.”
About Small World Financial Services
Small World Financial Services is a provider of payment services with a clear vision to be our customer’s favourite choice for their global payment needs. We are focused on making a big world small. Put simply, the more people we can help reach family, friends and businesses overseas with money, the smaller the world will become. We put our customers at the heart of everything we do, reflecting their diversity in our teams, and empower our teams to deliver the best value and service through our branded global network and digital solutions. Our network of over 250,000 pick-up locations, and our global team of 800 people are collectively on a journey to make a big world small for the 15m, and counting, worldwide transactions that customers make each year. For further information please visit www.smallworldfs.com/en.
About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)
Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 14,800 people and serves about 24 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit www.ecobank.com
Small World Financial Services is a global money transfer provider. If you would like more information about this Small World’s partnership with Ecobank, please email [email protected]
Group Manager, Corporate Communications
Email: [email protected]
Tel: +228 22 21 03 03