Ecobank Kenya has introduced a new platform dubbed “Regional Collection” that enables its customers to transact business with ease across the entire East Africa region.
With more than 35 subsidiaries spread across the continent and with representative offices in Beijing, Angola, Johannesburg and Dubai, Ecobank, the Pan African bank is considered a door opener for many businesses in African. The Bank’s financial expertise combined with its elaborate network is a jewel to any business with ambition to grow operations in Africa.
The bank’s intricate presence in East Africa positions it as the “go to” Bank for a variety of financial solutions. The East Africa Market is ready for big business, large corporates as well SMEs are on a growth trajectory considering the robust economy in the region’s states. Ecobank gives you the network advantage as a one-stop shop for seamless financial products and solutions.
With such a rich network of representation, Ecobank is strategically positioned to serve a wide variety of business across these geographical areas. In addition, the bank also has specialized subsidiaries, which, as the name suggests cover finite ‘focus areas’ such as Development and Investment Corporation, Asset Management and stock brokerage. Ecobank currently has 10 of these specialised units.
Ecobank’s EAC Regional Collections platform is a capability that has been built to facilitate cross-border payments within the wider East African countries. “With Ecobank’s vast regional presence, our solutions are tailor made to be easy and timely. Be it a manufacturer’s product that has a buyer in Congo, Regional Collection will easily facilitate the connection between the manufacturer and the buyer in Congo and through Ecobank’s online banking platform Omni. The manufacturer will receive an alert that payment has been made and hence release the consignment to the buyer in DR Congo,” said Monica.
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