{"id":29481,"date":"2019-01-25T21:08:26","date_gmt":"2019-01-25T20:08:26","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=29481"},"modified":"2019-01-25T21:08:26","modified_gmt":"2019-01-25T20:08:26","slug":"we-ensure-nigerians-get-100-of-their-remittances-through-rapidtransfer-app-ecobank-md","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/we-ensure-nigerians-get-100-of-their-remittances-through-rapidtransfer-app-ecobank-md\/","title":{"rendered":"We Ensure Nigerians Get 100% Of Their Remittances Through RapidTransfer App \u2013 Ecobank MD"},"content":{"rendered":"

Managing Director, Ecobank Nigeria, Patrick Ainwuntan has said the bank\u2019s decision to charge zero fee of (on) RapidTransfer remittances is borne out of the need to ensure Nigerians abroad are able to send home 100 percent of monies made through hard work.<\/p>\n

According to him,\u201d \u201cBecause we are able to do it per scale and because we know that when Nigerians work abroad, close to 7 per cent to 8 per cent of their sweat is taken as commission when they are sending money home, we decided to make the cost of sending money home free. We want 100 per cent of the money made through the sweat and hard work of Nigerians, find its way back to Nigeria, to support and develop our economy in Nigeria. This is why we made the RapidTransfer charges zero.\u201d<\/p>\n

The Ecobank Nigeria Managing Director, who was speaking during round table meeting with the media in Lagos noted that <\/b>\u201cany Nigerian in the Diaspora can download the Ecobank RapidTransfer App from any of the stores, attach his or her card, say in Canada, UK or US and remit $50, $30, \u00a330, \u00a325 or \u00a3100 instantly to a recipient in Nigeria. The recipient could have a bank account in Ecobank or any other bank in Nigeria\u201d.<\/p>

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He affirmed that Ecobank leverages on the Nigerian Inter-Bank Settlement System (NIBSS), which he said has done a great job in bringing a common settlement platform for all the banks in Nigeria. \u201c The payment will get to the account of other receiving bank, because Ecobank has put together a global App available for all Nigerians globally to be able to send money home,\u201d stressing that \u201cwe offer best exchange rate available. If your relative or friend does that transfer from Canada or Paris today you will get an equivalent of N360 to a dollar instantly at no charge to the sender. So, the entire money made by your relation or your friend or yourself abroad finds its way back to Nigeria to support Nigerians back home, which is why most relations go to work abroad,\u201d he said.<\/p>\n

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Managing Director, Ecobank Nigeria, Patrick Ainwuntan has said the bank\u2019s decision to charge zero fee of (on) RapidTransfer remittances is borne out of the need to ensure Nigerians abroad are able to send home 100 percent of monies made through hard work. According to him,\u201d \u201cBecause we are able to do it per scale and …<\/p>\n","protected":false},"author":6,"featured_media":12093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17],"tags":[2868],"coauthors":[2391],"class_list":["post-29481","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","tag-ecobank-nigeria"],"yoast_head":"\nWe Ensure Nigerians Get 100% Of Their Remittances Through RapidTransfer App \u2013 Ecobank MD - National Wire<\/title>\n<meta name=\"description\" content=\"Managing Director, Ecobank Nigeria, Patrick Ainwuntan has said the bank\u2019s decision to charge zero fee of (on) RapidTransfer remittances is borne out of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/we-ensure-nigerians-get-100-of-their-remittances-through-rapidtransfer-app-ecobank-md\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We Ensure Nigerians Get 100% Of Their Remittances Through RapidTransfer App \u2013 Ecobank MD - 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