Ecobank operates
Ecobank operates the largest network in Africa, more than any other bank in the world. Our payables management products are designed to improve your payments processes and to enhance your company’s operational efficiency across the countries in which Ecobank operates.
If you are doing business in Africa, we can provide you with innovative and end-to-end integrated cash management solutions to suit your specific needs in all the countries in which we operate.
Our Products specialists and Account managers will work closely with you to understand your business. They will also customize a range of innovative, value-enhancing solutions to optimize payment processes for all your business needs across Sub-Saharan Africa.
Electronic bulk supplier payments
Utilize a secure environment for your large payments to suppliers (vendors), and for payroll. Payments information is securely received from our customers either through an ERP account payables system or agreed data format. We process and authenticate your transactions electronically and credit beneficiaries swiftly, enabling Straight-Thru-Process (STP) benefits to you. These solutions are available via our Ecobank Corporate Internet Banking and other Ecobank systems.Customer on-site payment services
Teller and cashiering solutions are available at agreed customer locations. Cheque encashment, cash disbursement, wage packaging and other solutions are available on request.
Mass payment services
For large payments such as Dividend credits, Large Salary Runs, IPO Cheque Refunds, Student Loan credits, Insurance payments etc, Ecobank will work with clients to produce tailored solutions to required standards of efficiency.
EFT / RTGS / SWIFT Services
In many countries, the domestic and third party payments require specialized Electronic Funds Transfers (EFT), Real Time Gross Settlement (RTGS) payments for high value transactions and SWIFT payments. Ecobank’s payment processes enables speedy processing and beneficiary confirmation via Ecobank Corporate Internet Banking.
Over-the-counter payment services
This service is designed to enable companies to make payments through the bank to be received directly by beneficiaries at the counters of Ecobank branches. Payment details are conveyed to a designated Ecobank branch where payment will be received. Payment can be either in cash or by cheque. Ecobank provides a comprehensive corporate payment platform which enables clients to send beneficiary details to the bank in a secure manner. This service eliminates the need for tellers in your company.
Company payroll services
Ecobank can offer unique payroll processing services to your company. Gross salary data of employees sent to Ecobank is swiftly processed to net figure level after the deduction of all statutory obligations. Various reports will be generated and sent to your company for approval, before actual payment to beneficiary accounts are confirmed. This service is available in a select number of countries.
Cash delivery services
Specialized cash delivery services at agreed locations and frequency is available in several countries in which Ecobank operates.
Card and ATM services
Ecobank has invested in leading-edge technology and operates a group switch underpinning a Regional Card issuance in the countries in which it operates. The card can be used to withdraw cash in different countries and currencies. The Regional Card usage has now been extended to South Africa where holders can withdraw cash from over 1,981 ATMs operated by Nedbank, Ecobank’s alliance partner in South Africa. A range of ATMs in several countries also provide additional services to Ecobank customers. These services complement our Corporate customers by providing efficient services to organizations and companies. Speak to your Corporate Banking Products Manager and / or your Account Manager today or