Ecobank Ghana has partnered with Ria Money Transfer, the world’s third largest money transfer company to offer pay out services across Ghana.
This will allow customers of the bank having both account and non-account holders to receive remittances directly into their bank accounts with less difficulty.
Managing Director of Ecobank Ghana, Dan Sackey lauded the partnership, saying it was done to improve services given customers.
According to him, the partnership will afford them the opportunity to bring convenience to their customers in funds transfer services.
He revealed that ‘Transfer of money by migrants to their relatives across the world in 2015 has been estimated to be about $2.1 billion according to a World Bank report’.
This competes with international aid as one of the largest financial inflows to developing countries including Ghana, Nigeria, Togo, Liberia and Niger.
The Ecobank Ghana and Ria Money Transfer partnership is expected to change the face of money transfer in the country. The two companies have agreed to adopt innovative systems and technology to enhance security of money transfers.
Managing Director of Ria Africa, El Hadj Malick Seck was optimistic the partnership will help them to widen their range of customers in Ghana.
He praised Ecobank Ghana for its contribution to the banking industry in Ghana which he believes has helped to strengthen the banking environment.
Ria’s Director of the Project, Robert Kotei also said the partnership is because Ecobank is no one bank in Ghana and they believe the collaboration will yield positive results.