XTransfer, a leading cross-border trade payment platform, has partnered with Ecobank Group to streamline international transactions for small and medium-sized enterprises (SMEs) across Africa. This collaboration aims to tackle challenges such as high transaction costs, foreign exchange complexities, and slow remittance processes.
By leveraging Ecobank’s vast presence in 35 African markets, XTransfer will provide SMEs with seamless and cost-effective payment solutions, allowing them to collect and send funds in local currencies. This will enhance SME competitiveness, reduce operational costs, and improve global trade participation.
The move highlights fintech’s growing role in transforming Africa’s financial sector, making cross-border transactions faster, more transparent, and accessible. It also aligns with Ecobank’s broader strategy of enhancing financial inclusion and digital transformation across the continent.
Read the full news here: TechPoint