Friday, May 8, 2009

IBG and eTranzact forge alliance

INTERCONTINENTAL Bank Ghana (IBG) has forged an alliance with eTranzact, an on-line service provider to provide on-line banking services for customers of Databank Ghana.
By this collaboration, customers of Databank with investments in EPACK, MFUND, and BFUND can conveniently make top-up payments on their investments at any branch of Intercontinental Bank.
Customers can also make payment through eTranzact by online and such payments will be credited to the customer's account with Databank.
At the launch of the collaboration at the office of Databank, a representative of the Managing Director of IBG, Mr Moses Coffie explained that customers must first open an investment account with Databank after which top-up of their investments could be channelled through IBG or eTranzact.
Mr Coffie said the collaboration between the three institutions was aimed at providing customers of Databank and IBG easy access to their investment accounts.
"We want to bring investment to the door step of the Ghanaian who might not have the time to always walk to the office of Databank to top-up their investment accounts with Databank," he said.
The Chief Operating Officer of eTranzact, Mr George Babafemi said the mobile airtime top-up service would enable customers their mobile phones to top-up with any amount of their choice.
Mr Babafemi hinted that the company would also introduce e-billing and value added service onto the Ghanaian environment.
He said their services were also available for buyers and sellers of goods and services who could utilise it to make and receive payment for purchases and sales.
A Director of Databank, Mr Yoofi Grant said his outfit duly recognised the need to make their services, particularly, investment products available to the general public.
"Many of us live in poverty because of our inability to put aside the little that we make," he stated.
He urged Ghanaians to take full advantage of the world’s financial crisis and make the needed investments; "all you need is the right information on the financial market and where to invest,” he stated.

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