Cytonn unveils e-Wallet to help clients transact

Tuesday, May 19th, 2020 00:00 |
Cytonn unveils e-Wallet to help clients transact.

PLATFORM: Cytonn FinTech, a subsidiary of Cytonn Investments has unveiled a digital wallet dubbed “Cytonn Wallet” expected to enable money market fund investors earn up to 11 per cent interest per annum.

Edwin Dande, Cytonn Investments CEO said since they are in the business of identifying client needs and offering effective solutions, they need also to offer efficient solutions.

“Cytonn Wallet is our solution to an existing need and what makes it unique are the instant features such as Instant2MyMpesa, Instant2MyBank, Instant2PayBills, Instant2TransferUnits Instant2SendMoney, Instant2Invest and most importantly you standing to earn up to 11 per annum,” he said.

Couple of months

Dande said the world has changed dramatically over the last couple of months, adding that businesses will evolve and emerge from the Covid-19 crisis in different and profound ways.

He said Cytonn Money Market Fund clients will now be able to withdraw to M-Pesa or bank (via PesaLink) instantly 24/7 with a daily limit of Sh300,000, as well as send money from their Cytonn Wallet to another M-Pesa number or bank account that does not belong to them instantly 24/7.

Daniel Mainye, Senior Manager Fintech, Brand and Innovation at Cytonn Investments said they have now embarked on other value-added services such as a CMMF linked debit card and a lending facility to offer more value to our growing number of clients.    

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