Ecobank Group, TransferTo to Expand Financial Access, Payments in Africa

 

TransferTo, a Singapore-based global technology group, and Ecobank Group, the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa.
This strategic partnership brings together TransferTo’s companies — Thunes, Ezra, DT One and Tookitaki- with Ecobank to expand access to credit, digital products and cross-border payment solutions. The collaboration will create a safe, inclusive financial ecosystem that bridges markets, enabling swift reliable payments across borders and offers financial empowerment tools to millions of Africans and businesses.
By uniting their expertise, TransferTo and Ecobank will drive financial inclusion, empower underserved communities, and establish secure, seamless digital pathways that connect Africa’s economies with the rest of the world.
Peter De Caluwe, CEO, TransferTo: “Our partnership with Ecobank empowers us to unite the strengths of our companies — such as Thunes and DT One — and reshape financial access across Africa. By integrating our expertise with Ecobank’s deep local knowledge, we are crafting secure, straightforward pathways to credit, payments and financial growth for millions of people. This alliance is more than a partnership, it’s a mission to fuel positive change across the continent.”
Jeremy Awori, CEO, Ecobank Group: “Joining forces with TransferTo and its companies Thunes and DT One, enables us to bring world-class financial solutions to Africa. Together, we are expanding the reach of reliable, secure services to individuals and businesses with the financial tools that they need to thrive. This partnership marks a significant step towards bridging gaps and unlocking potential across African communities.”
Partnership Details:
Thunes and Ecobank: Facilitating fast, reliable cross-border payments across Africa via Thunes’ Direct Global Network, including QR code payments that connect global financial apps to China’s cashless economy, simplifying cross-border transactions.

DT One and Ecobank: Enhancing customer engagement with integrated digital rewards; offering airtime, data bundles, gift cards and vouchers through Ecobank’s Mobile App and Xpress Accounts.

Ezra and Ecobank: Expanding access to nano loans and Buy Now, Pay Later (BNPL) options; empowering underbanked individuals to build credit histories and progress to larger loan opportunities.

Tookitaki and Ecobank: Strengthening compliance with anti-money laundering (AML) technology and providing specialised training for Ecobank’s team to enhance financial security.

 

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

emPLE Bolsters Capital Capacity, Customer Confidence after Securing NAICOM Recapitalisation Mandate

emPLE Nigeria has strengthened its capital position following the...

T+1: SEC Insists on 5pm Settlement Deadline for Equities, Commodities on CSCS Platform

The Securities and Exchange Commission (SEC) has fixed 5:00...

Tinubu: Refineries Will Return to Deliver Profit, Welcomes Support by NUPENG

President Bola Ahmed Tinubu said in Abuja refineries will...

NRS Chair: Report of $279m Frontier Exploration Fund Transfer is Fake News

The Executive Chairman of the Nigeria Revenue Service (NRS),...

Former CFI: Regulatory Concession on Recapitalisation Will Undermine Integrity of the Process

The former Commissioner for Insurance/CEO, National Insurance Commission (NAICOM),...

Topics

Universal Insurance Reports N15.25bn Premium in 2024

L-R: Dr. Jeff Duru, Managing Director/CEO, Universal Insurance Plc;...

Multiple Insurance Lines Potentially Affected by Ebola

As fears of an Ebola pandemic spread, many U.S....

‘Africa Poised to Become Digital Insurance Leader’

Mr. Oliver Bäte, CEO of Allianz SE opened the...

Chain Reactions Africa Clinches 4 Trophies at Brandcom 2024 Awards

L-R: Publisher, Brand Communicator Magazine, Organisers of the Brandcom...

NCC, Lottery Commission Inaugurate Consumer Protection Committee

L-R: Banji Ojo, Head, Consumer Policy Development and Monitoring, Nigerian communications...

CBN Chief, Olayemi Cardoso, Tasks Central Banks, DFIs on Africa’s Growth

The Governor of the Central Bank of Nigeria, Mr....

Olubayo Abiodun Named Managing Editor, AFRICA TELECOM & IT

The Management of Telecom & IT Business, publishers of...

NCC Holds Maiden Campus Conversation at Abuja Varsity

Following the re-structuring and re-branding of its existing consumer...
spot_img

Related Articles

Popular Categories

spot_imgspot_img