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Ecobank launches account-based money transfer service

17 December 2013, 18:47

Lagos - Ecobank Nigeria has come up with an innovation that allows its customers receive money through Western Union online 24 hours, seven days a week, reports BusinessDay.

The new service named Account Based Money Transfer service (ABMT) will allow the bank’s customers receive money from 510 000 Western Union agent locations worldwide directly to their Ecobank account in Nigeria.

Adeola Dare,  Ecobank’s head of assets, liability products, domestic banking, said ABMT will allow Ecobank customers convenient access to the Western Union service via internet banking and through any of the ATMs and kiosks in the Ecobank network.
He said the product allows recipients to move funds directly into their Ecobank accounts once they have been sent from any of Western Union’s 510 000 agent locations worldwide.

Read more at BusinessDay

Tags ecobank lagos

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