Cytonn Launches An E-wallet For Customers Earn 11% Per Year

By Soko Directory Team / May 19, 2020 | 8:38 am



DREITS

Cytonn FinTech, a subsidiary of Cytonn Investments has launched the first of its kind digital wallet that stands to earn you up to 11 percent P.A, dubbed ‘Cytonn Wallet’. Cytonn Wallet is a digital wallet, powered by the Cytonn Money Market Fund that replaces your ordinary wallet.

Edwin H. Dande, Chief Executive Officer at Cytonn Investments stated “We are in the business of identifying client needs and offering effective and efficient solutions. Cytonn wallet is our solution to an existing need and what makes it unique are features such as Instant2Send, Instant2Transfer, Instant2PayBills, Instant2Mpesa, Instant2Bank, Instant2Invest and most importantly you stand to earn up to 11% P.A”

“The world has changed dramatically over the last couple of months. Businesses will evolve and emerge from the COVID-19 crisis in different and profound ways. This will translate into an even greater need for digital platforms to carry out transactions. We have seen an increased demand for solutions that can help individuals and small businesses weather the crisis. People want fast, easy-to-use, safe, and seamless payment experiences. This is where the Cytonn wallet comes in. Digital wallets allow users to safely pay for purchases in advance, worry-free, and with no hassle. The numbers don’t lie–the digital wallet is the future of digital payments and the Cytonn Wallet is at the forefront of this movement. The widespread adoption of the Cytonn Wallet isn’t a question of if, but when.” He added

You can access or open a Cytonn wallet through USSD code *809# or download the Cytonn app on play store here and apple store here or login to our web portal at clients.cytonn.com

“The Cytonn Wallet allows all our Money Market Fund clients to earn an attractive rate of return, access INSTANT liquidity when needed to M-Pesa or to their bank account via PesaLink, pay bills directly from their Cytonn Money Market Fund Account by redeeming units, and transfer units between unitholders in the Cytonn Money Market Fund i.e. intra-transfers.” Daniel Mainye, Senior Brand Manager at Cytonn Investments 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 Kshs. 300,000, 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.

The Cytonn Money Market Fund is a low-risk fund that seeks to obtain a high level of current income while protecting investor’s capital and liquidity. Our strategy is to outperform the Income Yield on-call accounts, fixed deposits, and other Money Market Funds by investing in interest-bearing securities and short-term money market instruments available to institutional clients.





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author







Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (322)
  • May 2020 (336)
  • June 2020 (74)
  • 2019
  • January 2019 (253)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (320)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (256)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (185)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950