FairMoney Digital Bank launches FairSave, to revolutionize savings with flexibility and instant rewards

FairMoney MFB, the leading credit-focused digital bank, has announced the launch of a new product designed to conveniently meet the savings needs of its customers. FairSave is a product that instantly rewards customers for saving their money on the FairMoney app.

The move responds to growing demand from Nigerians for a more flexible savings platform that gives them full control of their money while watching it grow. FairSave is a FairMoney MFB savings wallet that allows its users to save money and earn interest daily. With FairSave, users earn up to 10% interest per year on their savings. Unlike other platforms, users can withdraw their interest and principal at any time without penalties. In addition to being safe, secure and guaranteed, saving with FairSave also helps you build a high credit score, which increases your chances of getting bigger loans at lower interest rates.

According to CEO, Laurin Hainy, “Nigeria is a booming market with a young population, without the right inclusive infrastructure to serve them and help them grow their finances, there will forever be a lag. So why are we going to forward to provide an avenue where all our clients with aspirations and dreams are propelled towards their dreams by learning a culture of savings, based on flexibility and instant interest?”

As a market leader in digital banking and loan acquisition, FairMoney provides fair banking services by providing business people, traders, students, artisans and many others with low interest loans , a flexible payment plan and a long term of payment as well as other banking services. As of December 2021, Fair Money had disbursed over N117 million in loans to Nigerians.

With the launch of its FairSave platform, the company knows it will change the lives of many people by rewarding them for their savings. To reach as many people as possible, the company recently unveiled reality TV star and entrepreneur, Anita Natacha Akide, known as Tacha, as its brand ambassador.

With Tacha as a partner, FairMoney hopes to increase awareness of its Fintech products and services, boost financial education and close the financial inclusion gap.

Customers who want more information on how to make money while saving with “FAIRSAVE” can visit www.fairmoney.io. They can also track their verified social media IDs on Facebook, Twitter, and Instagram.