Ecobank Ghana has partnered with Ria Money Transfer - the world's third largest money transfer company - to offer pay out services across Ghana.

This will allow customers of the bank - both account and non-account holders - to receive remittances directly into their bank accounts with less difficulty.

Managing Director of Ecobank Ghana, Dan Sackey lauded the partnership, saying it was done to improve services given customers.

According to him, the partnership will afford them the opportunity to bring convenience to their customers in funds transfer services.

Managing Director of Ria Africa, El Hadj Malick Seck was optimistic the partnership will help them to widen their range of customers in Ghana.

He praised Ecobank Ghana for its contribution to the banking industry in Ghana which he believes has helped to strengthen the banking environment.

Transfer of money by migrants to their relatives across the world that a World Bank report, 2015 has estimated it be about $2.1 billion.

This competes with international aid as one of the largest financial inflows to developing countries including Ghana, Nigeria, Togo, Liberia and Niger.

The Ecobank Ghana and Ria Money Transfer partnership is expected to change the face of money transfer in the country. The two companies have agreed to adopt innovative systems and technology to enhance security of money transfers.