Fintech PR
Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets
Nium announces its partnership with Ecobank, a pan-African financial solutions leader, bringing real-time cross-border payments to 35 markets on the continent
SINGAPORE, Nov. 7, 2024 /PRNewswire/ — Nium, the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike.
Nium’s real-time payments infrastructure will be integrated into Ecobank’s existing banking operations, empowering Ecobank to enhance its services for small and medium-sized enterprises (SMEs). Ecobank will connect its existing Swift workflows to Nium, gaining access to real-time transfers, updates, clearing, settlement, and payment tracking, without the need for complex API integrations. This will significantly reduce waiting times for cross-border payments, enabling businesses to make faster payments to over 220 markets, including over 100 countries with real-time capabilities.
Ecobank is a critical financial partner in sub-Saharan Africa. Through this partnership, Ecobank’s customers across the region will benefit from an enhanced payments experience that allows faster and more efficient cross-border transactions, unlocking new opportunities for SMEs to connect with global markets.
Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa. This collaboration represents an important step forward in expanding our global payments network, and we are proud to support Ecobank in delivering faster, more efficient payments for its customers across the region.”
“Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions. By leveraging our unique API-based payment platform, this collaboration is a significant step towards advancing financial inclusion and connectivity across Africa and enabling businesses to thrive in a global marketplace,” said Jeremy Awori, CEO of Ecobank Group.
Ecobank can exchange its existing SwiftMT & ISO20022 messages with Nium to initiate payments on the real-time platform, accelerating business growth and improving the speed and accuracy of cross-border payments for African businesses.
The partnership also aligns with Nium’s broader strategy to enhance global financial inclusion, enabling access to real-time payments in regions where traditional banking systems may be slow or unreliable. Through this collaboration, Ecobank is now better equipped to provide an unmatched cross-border payment experience for its customers, while Nium continues its mission to democratize access to the world’s largest real-time payments network.
About Nium
Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorisations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
About Ecobank Group (or ‘Ecobank Transnational Incorporated’ or ‘ETI’)
Ecobank Group is the leading private pan-African financial services group with unrivalled African expertise. Present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs almost 15,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit ecobank.com
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– Picture is available at AP –
LONDON, Nov. 8, 2024 /PRNewswire/ — FE Systems is a rapidly rising IT company based in London, United Kingdom. They provide a wide range of software development services and solutions all across the globe matching any timezone. Founded in the year 2023 and is already one of the top IT companies in the UK. The company serves small, mid and large sized clients from all over the world. FE Systems also provides security on E-commerce platforms and has already been able to protect numerous websites from cyber attacks. Worth mentioning they have prominent strategic partners, some of them are AWS amazon web services, Google and Meta.
E-commerce is the new way of doing business and FE Systems brings over a rich expertise in professional e-commerce website development. They build powerful, customized online stores that elevate your brand, with scalable solutions that integrate seamlessly with payment gateways, inventory, finance, and other business tools. Expand your digital presence with a robust e-commerce platform, guided by FE Systems Ltd.
Their process starts with meeting clients to understand their requirements properly in order to identify the best method to solve them. This knowledge allows to conduct research, plan and come up with solutions to assist them in achieving their business goals.
FE Systems top class project management ensures timeline delivery of a quality product, which is requirement specific and completely business oriented.
Timezone compatible
They do work with different clients from all parts of the world and provide services as per their timezone. Their developers got available as per their timezone preferences.
As an IT software development company, they offer ongoing support, adjustive enhancements, perfective upgrades, technical improvements, etc. Anything to keep you going and growing with a 24/7 support – 365 days a year.
Contact:
FE Systems Ltd.
Besim Ibrahimaj
Kontakt: [email protected]
483 GREEN LANES LONDON
UNITED KINGDOM N13 4BS
View original content:https://www.prnewswire.co.uk/news-releases/fe-systems-becomes-one-of-the-leading-service-providers-in-the-high-end-it-sector-302298759.html
Fintech PR
‘ESSE’ Maker KT&G Expands Presence in Europe with Romania Entry, Achieving Record-Breaking Overseas Sales in Q3
- Achieved record-high quarterly revenue from the 3 core businesses and the tobacco business, including overseas cigarettes
SEOUL, South Korea, Nov. 8, 2024 /PRNewswire/ — ‘ESSE’ Maker KT&G Corporation (“KT&G” or the “Company”) (KRX:033780), posted strong Q3 results, with the largest quarterly overseas cigarette sales in its history. KT&G began its full-scale expansion into Europe in April with the launch of its representative Superslim cigarette brand, ESSE, in Romania, followed by expansions into Portugal, Andorra, and Spain.
KT&G’s consolidated revenue for the third quarter was KRW 1.636 trillion, and operating profit KRW 415.7 billion, up 2.2% year-on-year.
In the third quarter, the growth of the main business centered on the tobacco sector continued. In particular, the growth of the overseas cigarette business stood out. In the third quarter, revenue of the overseas cigarette business reached KRW 419.7 billion, up 30.5% year-over-year, setting a new record in revenue for two consecutive quarters, while sales volume and operating profit also increased by 10.1% and 167.2%, respectively, achieving “growth trifecta” in sales volume, revenue, and operating profit.
KT&G’s global business growth is expected to continue for the foreseeable future as the company works to strengthen its global focus and competitiveness.
KT&G is focusing on strengthening the global competitiveness of its three core businesses, consisting of NGP(Next Generation Products), health functional food, and overseas cigarette business, to leap to the ‘Global Top-tier’. To this end, KT&G is currently focusing on expanding its global business with subsidiaries or offices in 10 countries and regions around the world, including Romania, Indonesia, Taiwan, and Kazakhstan. As of the end of 2023, KT&G sold about 717 brands with 5,184 employees in 143 countries around the world, strengthening its status as a global company.
KT&G is South Korea’s leading company holding the No. 1 position in each of its NGP, Health Functional Foods, and Combustible Cigarettes (CC) businesses. KT&G is not resting on its laurels, and is preparing for new growth by establishing its status as a “Global Top-tier” company in accordance with the “2027 KT&G Vision,” which was newly established in 2023.
To achieve its new vision, KT&G is building a localized value chain centered on CICs(Company in Company) in each overseas region, expanding direct management from production to marketing and sales. The fruits of KT&G’s global business expansion efforts are already visible in its rising global performance, and the company plans to make further efforts to expand its business in the European market, including Romania.
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View original content:https://www.prnewswire.co.uk/news-releases/esse-maker-ktg-expands-presence-in-europe-with-romania-entry-achieving-record-breaking-overseas-sales-in-q3-302299752.html
OSLO, Norway, Nov. 8, 2024 /PRNewswire/ — The shares in Aker ASA will be traded ex-dividend NOK 35.50 as from today, 8 November 2024.
Investor contact
Fredrik Berge, Head of Investor Relations Aker ASA
Tel: +47 45 03 20 90
E-mail: [email protected]
This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/aker-asa/r/aker-asa–ex-dividend-nok-35-50-today,c4063176
View original content:https://www.prnewswire.co.uk/news-releases/aker-asa-ex-dividend-nok-35-50-today-302299736.html
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