Ecobank Nigeria has explained that the introduction of its RapidTransfer mobile remittance platform was part of its desire to continue to drive digital banking in the country.
The bank’s new Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan, disclosed this at a dinner in Lagos, at the weekend, to celebrate outgoing members of the Ecobank Nigeria Board as well as to welcome newly appointed directors.
He also stated that historically, the cost for Nigerians in the diaspora to send funds home used to be far too high, while the process itself has long been inefficient and burdensome.
“Customers often have to physically visit an agent and yet are left with little or no clarity as to when the funds will actually reach the intended recipient.”
He explained that Rapidtransfer removes all of such issues, adding that affordability would be a game changer in the way Nigerians send money to their loved ones.
Akinwuntan in his acceptance speech explained that the bank would set the road map by providing customer service excellence, a suite of innovative and convenient banking services that makes banking easy for retail and corporate customers alike.
According to him:
“Rapidtransfer is a safe and secure low-cost remittance solution, which ultimately will put more money into the hands of the recipient. This will have a multiplier effect on the Nigerian economy by boosting demand and driving business growth”
The Ecobank Rapidtransfer mobile app can be downloaded from the App Store or Google Play.