11 April 2017

Ghana: Databank Takes Lead in Mobile Money Service

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Databank, a leading investment bank in Ghana, now offers investors the option to top up their mutual fund investments through its mobile money service.

"This is one of Databank's many initiatives to further promote the culture of consistent investing among Ghanaian," firm said in a statement.

The Databank Mobile Money Service, launched recently, is an alternative payment channel that allows clients to top up their investments in Databank Epack Investment Fund (Epack), Databank Money Market Fund (MFund), Databank Balanced Fund (BFund), Databank Ark Fund (ArkFund) and Databank Educational Investment Fund (EdIFund).

According to Databank's Group Chief Marketing Officer, Mrs. Gillian Hammah, mobile money penetration is on the increase in Ghana and Databank is leveraging on this to create easy access for clients.

She added that the introduction of Databank's Mobile Money Service is part of the company's initiatives to reach its goal of having at least one Databank product in every Ghanaian household.

"Databank is the first investment bank to create a mobile money platform that allows Ghanaian investors to top up their mutual fund accounts from the comfort of their homes or offices using their mobile phones. We believe this initiative will boost accessibility and convenience to our clients," she stated.

Mrs. Hammah added: "It's easy to register for the Databank Mobile Money Service... Not every investor has the time to visit one of Databank's branches. The ability to top-up their investments from any location across the country is another way of putting our customers first."

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