BizNis Africa
Latest News
What is the value of investing in Nigeria?
Active managers in Africa and frontier markets have to...
Facebook Africa gears up for Creative Week at #Loeries2017
Facebook is once again throwing its full support behind...
Angonix ranked top 3 Internet Exchange Point in Africa
Angonix, an Internet Exchange Point (IXP) based in Luanda,...
Foreign investment in Africa’s hospitality sector rises
The hospitality sector in Africa’s emerging markets looks set...
Emira Property Fund reports total dividend of 143.18 cents per share
Emira Property Fund today, 16 August 2017, reported a...
Lagos to experience 16% fewer airline seats on domestic routes
An analysis of seat capacity for travel to the...
New Angolan beverage plant approved for development
A company formed by Sun Ocean Holdings Ltd., a...
MTN Foundation donates ZAR250 000 to Tshwaranang Legal Advocacy Centre
MTN SA Foundation has donated ZAR250 000 to Tshwaranang Legal...
Infrastructure Africa encourages unity through regional projects
Intra-African trade sits at around 11% and if Africa...
Black asset managers control ZAR416 billion of SA investments
Black asset managers have grown to 45 in number,...

Pieter Verkade, MTN Group Chief Commercial Officer

MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs.

They will also be able to transfer money between their Mobile Money and Ecobank accounts.

The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory Coast, Ghana, Guinea Bissau, the Republic of Guinea, Liberia, Congo Brazzaville, Rwanda, South Sudan, Uganda and Zambia.

MTN and Ecobank have partnered to improve access to mobile financial services in the African continent.

Both pan-African multinationals have vast experience in extending financial services in several of their markets, with MTN’s Mobile Money registered subscriber base growing 57.3% to 14.8 million in 2013.

“We are extending our co-operation in Africa to expand the range of services provided, as well as to further explore the development of mobile financial services in these countries. MTN is particularly excited by this agreement as it fits in perfectly with our on-going efforts to improve access to financial services for our customers and broader communities in the countries where we operate,” says Pieter Verkade, MTN Group Chief Commercial Officer.

MTN and Ecobank are also looking to partner in developing a unique mobile savings offering within their countries of mutual presence.

“This roll-out further demonstrates our commitment to make branchless banking a reality by activating multiple service channels in every country in which we operate. Our unique pan-African footprint will also enable us to be at the forefront of developing the market for cross-border mobile money services in Africa,” adds Patrick Akinwuntan, Ecobank Group Executive Director for Domestic Banking.

The collaboration with Ecobank forms part of MTN’s renewed focus to deliver a distinct customer experience by providing value-added products and services.

MTN Mobile Money enables users to perform local and international money transfers, make utility and other service payments, purchase airtime and access range of mobile financial products. As of 31 December 2013, MTN Mobile Money had 14,8 million registered users, and was available in 14 countries.

Comments are closed.

Ver peliculas online
%d bloggers like this: