Ecobank Named World’s Best Bank for Payments and Collections In Africa

Global Finance magazine has named Ecobank the world’s best bank for Payments and Collections for the African region, in its 2015 awards. 

The award is part of Global Finance magazine rankings for the Best Treasury and Cash Management Banks and Providers.

Global Finance used a multi-tiered assessment process—which included a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research—to select the best providers of treasury and cash management services.

A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

According to the magazine, the winners in the annual Treasury & Cash Management awards are those that offer sophisticated domestic, regional and/or global solutions with a best-of-breed technology backbone and a client-centric front end.

Ecobank is the leading pan-African bank with operations in 36 countries across the continent, more than any other bank in the continent.  

Ecobank started operations in Tanzania in January 2010 and has since grown to include 9 branches across the country.