Ecobank partners with Alipay to expand scope of its cross-border remittance service

NIGERIA – Ecobank Plc has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform that aims to bring more inclusive financial services by providing a convenient way for workers to transfer money back home. According to a statement from the Pan-African bank, the partnership will facilitate instant transfers from its remittance solution, Rapidtransfer, to users of Alipay. Alipay serves more than 1.2 billion people globally together with its local e-wallet partners. The partnership thus provides Ecobank an additional channel option which will increase options  available…

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