Nigerians To Access Western Union Services Via Ecobank ATMs

Pan-African bank, Ecobank Nigeria Ltd and global payment services giants Western Union yesterday announced a deal that would make it possible for the bank’s account holders to conduct Western Union Account Based Money Transfer (ABMT) Services using any Ecobank Automated Teller Machines (ATMs) in Nigeria.  “Ecobank and Western Union have leveraged technology to the advantage of their mutual customers,” said Anthony Okpanachi, Deputy Managing Director, Ecobank Nigeria.

He added that the new service will encourage customers who have had difficulties in accessing suitable financial services to continue banking with Ecobank as no other bank has offered such “an innovative and convenient banking service in Nigeria”.  “Western Union values its collaboration with Ecobank which is growing consumer-driven solutions through digital applications across the continent. This development further promotes financial inclusion which is in line with the Central Bank of Nigeria (CBN) Cashless policy,” Aida Diarra, Regional Vice President Africa, Western Union, stated.

The new service which NYSE-listed firm says would make moving money across the continent easier and cost-effective is expected to help Ecobank expand its customer base as several Western Union customers who are not customers of the bank may consider opening a new account as a way to transfer money more easily.

Copyright Ventures Africa 2014