MTN Group has announced its collaboration with banking giant, Ecobank to offer more value to their respective customers by expanding the scope of their partnership – enabling both companies to leverage each other’s assets.
MTN’s large subscriber base, comprehensive distribution, innovative digital products and drive for mobile financial services are being linked with Ecobank’s digital banking products to provide instant bank accounts and remittances from Africa’s largest bank by network.
The two entities, with an extensive footprint on the continent, have signed an MoU to develop their partnership agreement, which will allow them to innovate and enhance access to affordable financial services via MTN Mobile Money and Ecobank Banking services.
This includes but is not limited to:
- Enabling Ecobank and MTN Mobile Money customers to transfer money between mobile money wallets and bank accounts.
- Leveraging Ecobank and MTN’s assets to digitise international remittance, foster product innovation in the field of mobile saving and lending, and offer digital payment solutions to consumers, merchants and corporates.