How To Invest Your Bonga Points In A Money Market Fund
By Juma / Published December 23, 2022 | 9:54 am
KEY POINTS
Cytonn Money Market Fund (CMMF) has made it possible for you to invest with them using your Bonga Points.
KEY TAKEAWAYS
Check the cash value of your Bonga Points by dialing *126# and selecting “Check Bonga Points.” A popup will appear indicating the balance of your Bonga Points and their value in Kenyan shillings.
We all have Bonga Points, some running into tens of thousands. In fact, the value of unredeemed Bonga Points now stands at 4.5 billion shillings according to Safaricom. This has forced the telco to introduce an expiry date to force people to redeem them.
Bonga Points can be redeemed for various products and services. For instance, one can convert them into data, or purchase airtime. They can also be redeemed for phones and gadgets at any Safaricom shop. One can also use them to pay for products and services in various shops.
Now, with Bonga Points now having an expiry date, how about if someone told you that you can actually invest them into a money market fund and grow your wealth portfolio?
But how is this possible? You ask.
Listen, Cytonn Money Market Fund (CMMF) has made it possible for you to invest with them using your Bonga Points. Just like that. Bonga Points. There are a few simple steps that you have to follow and in less than 5 minutes, you will be an investor.
First, check the cash value of your Bonga Points by dialing *126# and selecting “Check Bonga Points.” A popup will appear indicating the balance of your Bonga Points and their value in Kenyan shillings. This will guide your investment.
How to invest:
Dial *126# then select “Lipa na Bonga Points”. Select “Pay Bill” and then enter the Cytonn CMMF Business Number 775093 and thereafter your CMMF Client Code/Account Number. Next is to enter the amount you wish to invest then “Accept.” Enter PIN and then Boom, you are done.
You do not have to let your Bonga Points go down the drain. As the year fast comes to an end, you can invest as soon as today. Most Bonga Points will become obsolete come January 2023 based on the new Safaricom policy. Invest.
Related Content: Cytonn Introduces A New PayBill Feature To Its CMMF Product
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