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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
IC Asset Managers (Ghana) Ltd has launched IC Wealth on the MTN MoMo app, giving millions of mobile money customers direct access to the firm’s regulated investment products from their mobile phones.
The partnership with MobileMoney Fintech Ltd, unveiled at the Mövenpick Ambassador Hotel in Accra, makes the IC Liquidity Fund available to MoMo customers, who can invest, monitor their holdings, make additional investments and redeem their funds entirely within the app.
Customers can access the service by selecting Financial Services, then Investing, and IC Wealth.
Built on existing mobile money customer information, the onboarding process eliminates the need for a bank account, physical branch visits or additional documentation, significantly lowering the barriers to investing for a broader segment of the population.
Source: newsthemegh.com