Dalex Finance Introduces SWIFT

Ken Thompson speaking with the media
Dalex Finance has introduced a new savings and investment scheme called 'Safe Wise Investments for Tomorrow' (SWIFT) onto the financial market.

The product provides a convenient way for ordinary Ghanaians to save using their mobile money accounts.

The SWIFT contribution could be any amount starting from GHȼ1.00 and could be made through more than 20,000 points, including mobile money agents, post offices and bank branches in addition to unlimited convenience of using mobile phones.

The flexible, high-earning and convenient micro-investment product is accessed and managed on the mobile phone with the mobile number acting as the investment account number of the customer.

Ken Thompson, Chief Executive Officer (CEO) of Dalex Finance, said the product was created principally to stimulate the savings and investment culture among Ghanaians for a better future.

'SWIFT is not only a contributory system that allows people to save from the little money they earn but also provides them an easy way of saving using their mobile phones,' he said.

Mr. Thompson said the mobile-money platform provides a very convenient mode of transaction for users, hence the decision by Dalex to use that medium, explaining that an account holder's mobile phone number becomes the individual's account number.

'SWIFT invests the contributions made in any 30-day period and will pay a competitive compound interest from month to month until the maturity of the investment,' he said.

Mr. Thompson advised Ghanaians not to give monies to agents who might come to them to claim their contributions.

He said that as a financial company, which has been rated 16 on the Ghana Club 100, Dalex Finance would provide maximum security for their investments, saying the contributors' investments are kept by well established financial institutions regulated by the Bank of Ghana (BoG).

Dr Kwesi Botchwey, Chairman of the National Development Planning Commission, in his keynote address, expressed the hope that Dalex SWIFT would help bring development to the doorsteps of the poor and promote the culture of savings.

By Cephas Larbi
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