Telecommunication giant, MTN Ghana in collaboration with Fidelity Bank Ghana Limited, has introduced another innovative product, the “MTN Yello Save” on its mobile money platform.
The MTN Yello Save gives subscribers a unique opportunity to save and earn an attractive 12 percent interest rate per annum on their mobile money wallets.
The product also aims at inculcating in Ghanaians, the savings culture, promoting a cashlite economy and deepening financial inclusion in the country.
Speaking to Ultimate Business’ Patricia Bonsu, General Manager for MTN Ghana Northern Zone, James Basintale said “we are making it very easy, very simple for people to be able to open bank accounts on their mobile phones with as little as Ghs5.00 up to any amount that the person can afford”.
He added that any individual who is an MTN subscriber and registered on the mobile money platform is eligible to own an MTN Yello Save account.
“This is an inclusive programme that will rope in all our market women, our artisans and people from all walks of life.
“You can easily open the account yourself, by going through the mobile money menu, go through the process and transfer the money from your mobile money account to your MTN Yello Save account. At the end of the year, you can earn an attractive 12 percent interest rate on it”, Mr. Basintale stated.