Old Mutual offers mobile unit trusts
MOBILEBy BiztechAfrica - July 3, 2012, 4:01 p.m.
Old Mutual Kenya has unveiled a mobile phone-based unit trust product called i-Invest, via Safaricom.
The paperless trust product allows customers to register, invest and withdraw money using their mobile phones. To register, users simply dial *480# and follow the prompts.
The minimum initial investment amount is KES 4,800 after which customers can add to their investment.
Old Mutual explains that the mobile unit trust account works very much like the conventional unit trust account except that all instructions can be submitted and processed over the registered mobile phone.
MORE MOBILE NEWS
Mobile roaming: 8% of global operator billed service revenues by 2018A new report from Juniper Research has valued operator revenues generated from mobile roaming at nearly $90 billion by 2018, compared to $57 billion this year. Read More
MTN Ghana warns against SMS fraudMTN Ghana says it remains committed to working in partnership with all stakeholders to eliminate the problem of promotional scams originating from foreign and local numbers. Read More
Samsung Unveils GALAXY S5, designed for what matters mostSamsung Electronics announced the fifth generation of the GALAXY S series, the Galaxy S5, designed for what matters most to consumers. Read More
TNM launches new airtime credit facilityTelekom Networks Malawi (TNM) will next month launch an airtime credit facility product called “TNM Pasavute”. Read More
MTN SA expands LTE footprint to PEMTN has reaffirmed its technology leadership by extending the Long Term Evolution (LTE) network to Port Elizabeth. Read More
MWC: Big Trust emerges as key issueAt Mobile World Congress, strategies for earning trust can be seen everywhere as the telecoms industry realises that to successfully monetize of subscribers’ big data they need to first earn far greater trust from them, says Ovum. Read More
Econet supports Tokwe-Mukosi flood aid driveEconet Wireless has joined the government, aid agencies and other concerned partners to send humanitarian aid to thousands of distressed people that have been affected by the flooding at Tokwe-Mukosi dam. Read More
Safaricom marathon 2014 registration openThe 15th Edition of the Safaricom marathon will take place this year on the 28th June 2014 at the Lewa Wildlife Conservancy. Read More
Tigo pioneers mobile money transfer with currency conversionTigo has launched what it describes as a world first mobile money transfer service between Rwanda and Tanzania. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.