UT Bank in partnership with Airtel Ghana is to launch a new and unique
savings account product known as the UT FONBank.
The product allows subscribers of Airtel services to transact banking business on the mobile platform.
UT FONBANK Account is a mobile banking service powered by Airtel Money
which allows subscribers to conduct monetary transactions using their
mobile handset.
It serves as a normal traditional bank account giving the client the
opportunity and convenience to do banking anywhere and at any time with
the help of their mobile device.
The product enables customers to open bank accounts, save money and earn
interest just as they will on traditional bank account without
physically going to any bank outlet and at their convenience using the
Airtel money platform.
According to Mr Nelson Korshi Da Seglah, Head of E-Business at UT Bank,
the development of the FONBank product was necessitated by the desire of
the bank to give customers safe and secure means of saving that fits
into their lifestyle.
“What we seek to do is to have the FONBank product as a means of
reaching to the chunk of our population who are not using traditional
banking services.
"UT Bank has always positioned itself as a bank committed to developing
products which will not only revolutionize the banking industry, but
will also be found to be convenient to our customers,” Mr. Da
Seglah said.
The UT FONBank also allows customers to pay utility bills, pay for goods
and services, make direct payments on savings and loans contributions,
buy airtime and withdraw cash among other benefits and it is opened to
all mobile subscribers above 18 years.
The product described by both UT Bank and Airtel as one of a kind comes
with high security features which make it safe and secure adhering to
the highest banking security standards.
Mr Kola Sonola, Director of Mobile Commerce at Airtel Ghana, said the
Airtel Money platform is very safe adding that customers using the
FONBank Account would realise that their monies are safe.
“Your money is safe since every transaction uses a very high encryption
standard that adheres to highest banking security standards and your
password; we have invested in the Airtel Money platform and we believe
that this partnership with UT Bank amply demonstrates the faith in the
system,” Mr. Sonola added
No comments:
Post a Comment