Ecobank Launches Rapid Transfer
Ecobank Transnational Incorporated has launched its money transfer product dubbed “Rapid Transfer”, into the Kenyan Market after it was launched in the group affiliates about a year ago. The Product, seeks to provide existing customers that travel across Africa, access to local currency of host countries, where Ecobank has a presence.
The service is already operational in 30 countries of Africa including; Kenya, Benin, Burkina-Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo-Brazzaville, C�te d’Ivoire, Democratic Republic of Congo, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Tanzania, Togo, Uganda and Zambia seeks to increase the banks capability of providing accessible, flexible and convenient financial services.
Some of the unique features for Rapid Transfer are;
� Customers can send or receive money at all branches of Ecobank across Africa
� Transfer is instantly available at receiver’s location.
� Payments or receipts are in affiliates’ local currency. Convertible currency is available upon authorization by regulators in a country.
� Payment for personal remittances and basic goods and services subject to country approval limits.
� Funds can be collected cash or credited into receivers accounts depending with the senders’ request.
Payments are in local currency, same day value; the product is open to existing and walk-in customers with valid form of identification.
Ecobank Kenya Managing Director, Tony Okpanachi said, “The launch of this service augments our roll-out of developing innovative products that suit our customer needs. Rapid Transfer service is unique as it has a vast potential with appeal across all segments, taking banking to the unbanked population across the country. I am truly pleased to announce to you that our customers can now access funds in all the currencies under the Ecobank Umbrella – the only Pan African bank present in all the East Africa Economic Community countries and other countries in Africa. ”
This offering, which is the first multi-currency card service in Africa, is expected to alter the payment system in the continent including creating a new level of convenience in global e-payments.
Ecobank Kenya received additional funds injection of Ksh 1.15 Billion from its parent company Ecobank Transnational Inc bringing the total amount received within the last 12 months to Ksh 2.3Billion.The bank will utilize the additional funding to support business growth, broaden its IT infrastructure as well as increase its product portfolio to customers.
Recently, Ecobank Group hosted its Annual General Meeting in the country where its shareholders received a 50% increase in dividend payments this year following a resolution approved during the Group’s Annual General Meeting held in Kenya
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(By Albert Kigada)
The solution that mustek is offering is not online learning. it is 1-1 learning.... 1-to-1 eLearning refers to a specific kind of educational environment that uses technology to create a 1-to-1 relationship —not just between the student and a dedicated computer— but between the student and a broad set of learning resources. These learning resources include, in addition to books, a variety of electronic materials and web-based collaborative resources. In a true 1-to-1 environment, students not only learn from their teachers, they become creators of knowledge. This requires a new approach by classroom teachers and can make a huge impact on student learning. One of the most successful brand that is going places, moving the economy and changing people’s lives in the region is the Intel powered 1-1 e-learning ( not distance learning or online learning) that runs on the special laptop that has been designed by Intel ( Mecer Class mate PC – CMPC) The laptop has been designed with the following unique specifications Rugged – Can drop from a height of 1 meter and nothing happens on it. This as a feature takes into consideration the fact that children will be children and pupils will be pupils they are always careless with the handling of electronics Solid State Hard disk – The hard disk is up to 160GB. It does not have moving parts as opposed to the normal Hard disks that is why even if the laptop drops nothing will happen on it. Water proof keyboard – whenever a liquid spills on it by mistake you do not have to dread, the keyboard is designed to prevent water from getting into the electronics of the laptop. In addition to this, the keyboard has special anti-bacteria stabilizer that prevents bacterial spread when students share the laptop The screen can swivel (Tablet) and it is a touch screen. The touch screen is not the usual one….it is a special screen that has intelligent sensors that can differentiate a palm from a pen so when you want to write on it you can write without the screen flickering as a result of a palm touch. All the other touch screens will flicker when touched by hand. The laptop also comes with free software of two levels, content and class room collaboration software that allows students to interact at a different platform. As long as your laptop is connected to the internet, you can be able to interact with similar hardware and share knowledge. Antitheft facility allows you to remotely render all the gadgets in the laptop useless on being stolen This means with the laptop students do not need text books and exercise books any more. The renowned NGOs like World Vision, USAID and NEPAD are already working hand in hand with lntel and Mustek East Africa on a project where they shall be donating MECER classmate PCS to 23 schools across the country. The estimated number shall be 50 units per school. This is scheduled for the last quota this year A normal laptop with the indicated special specs shall cost an average of Kshs. 65, 000 but the mentioned CMPC will reach the end user at an average cost of Kshs 36,000 fully loaded with the software due to subsidies extended to the public by lntel and Mustek East Africa.
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