15 September 2012

Nigeria: Ecobank Nigeria Joins Moneygram Network

Lagos — Ecobank Nigeria has entered into a strategic partnership with MoneyGram International, a leading global money transfer company.

The partnership will enable the bank offer money transfer services through the MoneyGram platform. It gives customers and non-customers of the bank the opportunity to send and receive money through MoneyGram global network in any of the over 600 branches of Ecobank spread across Nigeria.

MoneyGram offers transfer services worldwide through a global network of more than 267,000 agent locations - including retailers, international post offices and financial institutions in over 192 countries and territories around the world. MoneyGram is a market leader in the money transfer market in Nigeria. The service can be accessed in over 3,500 locations around the federation.

Nigeria's Managing Director, Jibril Aku, represented by the Bank's Executive Director Domestic Bank, Kingsley Aigbokhaevbo said Ecobank is excited about the partnership as it gives the bank an additional window to service the money transfer needs of its customers.

"This is a right-fit partnership between two quality brands that will deliver world class value to customers."

According to Aku, Ecobank is better positioned to offer financial services to Africans wherever they might be, adding that the bank is determined to go into partnerships like this, to enable it achieve its cardinal goal of financially empowering the people.

"We are present in more African countries than any other bank in the world and by implication reaching out to more Africans, no matter their location. This partnership with MoneyGram, no doubt, will strengthen our resolve to serve the people better".

Also, MoneyGram Vice President for Africa, Mr. Herve Chormel, said he was very proud that the partnership is going live.

"Once more, we bring on-board a quality partner to our network in Nigeria, and continue with our mission to provide the best value in the funds remittance business to the Nigerian customer. The more locations we have, the more we can achieve our corporate mission of bringing people closer, by giving them the opportunity to send and receive money from business associates and loved ones," he said.

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