The pan-African bank, Ecobank, signed on Wednesday 12 February an international money transfer partnership agreement with Alipay, the world's leading payment and lifestyle platform.
This collaboration is expected to provide more inclusive financial services, providing the one billion users of the Alipay platform worldwide with a fast, safe, affordable and convenient way to transfer money to the country.
The aim is to further diversify the options available to users, reduce transaction costs and strengthen the quality of services on the market.
"Our pan-African international money transfer solution Rapidtransfer has over the years provided transparent, convenient and affordable services to the African diaspora and their loved ones in Africa. It is therefore quite natural for us to extend this solution to expatriate workers working in Africa, while offering them the same advantages," explains Nana ABBAN, Director of the Group's Personal Affairs Division.
Ma ZHIGUO, Head of International Money Transfers at Alipay expressed her company's determination "to work with partners like Ecobank to make available innovative technologies that enable consumers abroad to access inclusive financial services, in order to create greater value for society and promote opportunities. equal in the world".
The solution will be deployed in all markets where Ecobank operates, subject to required local approvals.