Digital Savings Solution from Modefin
Save smarter, live better!
SUMMARY
Saving is the right starting point for the right financial destination. With Modefin’s Digital Savings solution, financial institutions can help their users open Micro Savings Accounts. The solution comes with various formal savings services designed to accommodate irregular income and savings for a lesser duration and smaller amounts.
Digital micro savings can help users demonstrate their creditworthiness for loan applications, encourage increased consumption spending, and lead to investment. It will help the low-income and economically active save for the future while working to earn a better livelihood today.
value proposition Why Digital Savings from Modefin
mSaving - enables a bank, SACCO or mobile wallet operator to offer a micro savings account to existing customers
Real-time balance checks and transaction history.
One can create multiple micro-saving accounts instantly at a time and can keep track of them effortlessly.
Accurate interest calculation and timely crediting.
In case of need of money and early break option without penalties.
User-friendly app for on-the-go banking.
To learn more about Digital Savings download our brochure
Digital micro-savings accounts offer convenience and flexibility with minimal balance requirements, ensuring the services are accessible to individuals from all walks of life. The solution provides a user-friendly banking platform allowing users to manage their funds conveniently, with the option to deposit or withdraw at any time that suits them.
Insights
Success Stories
Universal Merchant Bank Ghana
Universal Merchant Bank (UMB) is a leading indigenous bank in Ghana which offers a diverse range of financial services to meet the banking needs of its customers.
Equity Bank Kenya
Equity Bank Fuels massive Transformation; migrates 3.5 mn SIM application Tool kit users and brings flexibility, stability and cost savings.
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