Tuesday
October 4
2016

Ecobank Launches Mobile Money Treasury Bill Product

Ecobank Capital Advisors Limited, a wholly-owned subsidiary of Ecobank, and MTN Mobile Money has introduced the Ecobank TBill4All, designed to boost financial inclusion and investment for everyone.

The Ecobank TBill4All is a self-service product that allows Ghanaians to invest in 91-day and 182-day Treasury bills using the MTN mobile money platform.

It is the first of its kind in Sub-Saharan Africa and aimed to encourage savings and investments as well as ensure financial inclusion.

MTN mobile money wallet holders could access the service via short code *770# and can invest as little as GH¢5 in treasury bills as many times as they wish.

They are also allowed to discount their investment any time ahead of the maturity date.

Source: Ghana Business News (link opens in a new window)

Categories
Financial Inclusion, Technology
Tags
financial inclusion, fintech, mobile money