Money transfer company partners with Ecobank

TRANSFAST, a provider of cross-border payments and remittance solutions company, has announced its partnership with Ecobank.

The company, which has presence in over 120 countries, said it partnered with Ecobank to allow expatriates across the world to send money to Nigeria.

Nigerians working in other countries can send money at any of Ecobank’s branch network in local currency, direct to the beneficiary’s bank account 24/7, or for cash pick-up at more than 3,500 payout locations in Nigeria.

Amid the strength of inward remittances, TRANSFAST has garnered partnerships with several key banks across Nigeria including First Bank, Fidelity Bank, Skye Bank, Access Bank, FCMB, Zenith Bank, GT Bank and Heritage Bank.

“We are committed to the region and will be closely partnering with banks for continued growth,” Director EMEAA Samir Vidhate, its director said in a statement.

“We want customers from Nigeria to know that TRANSFAST always delivers great value when you are sending money home. Our company is pleased to visit Nigeria to meet our valued partners and customers, and to share that message.”

According to a report by the World Bank, remittances to Nigeria stood at $35 billion in 2016 and at $21 billion in 2015.