Ecobank has launched its MoMo service in Kinshasa, enabling Mobile Money wallet holders with several Congolese operators to pay for purchases using the bank’s payment terminals. Developed with Makuta, the solution works without cash, QR codes or the merchant’s phone, according to Ecobank and Actualité.cd.
Ecobank has launched its MoMo service in Kinshasa, enabling Mobile Money wallet holders with several Congolese operators to pay for purchases using the bank’s payment terminals. Developed with Makuta, the solution works without cash, QR codes or the merchant’s phone, according to Ecobank and Actualité.cd.
Pan-African banking group Ecobank has inaugurated new offices in Beijing, where it has been present since opening a representative office in 2012. The move is intended to bring its teams closer to Chinese companies and financial institutions seeking to develop their activities in African markets, according to 24haubenin.
Ecobank has signed a memorandum of understanding with China’s Cross-Border Interbank Payment System to expand renminbi payments and clearing between China and Africa. The partnership is intended to simplify trade settlements and strengthen ties between Chinese institutions and Ecobank’s pan-African network, which operates in 34 markets, according to 24haubenin.
Ecobank Guinea sought two million dollars before CRIEF, where it is facing two bailiffs in a dispute dating back to 2018. The bank says it suffered the loss during a garnishment it considers irregular, according to Africaguinée.