Mali: How to Enroll for M-PESA’s Money Market Fund
In today’s fast-paced financial landscape, finding secure and accessible investment opportunities is more important than ever.
M-PESA has introduced Mali, a Money Market Fund designed to help users grow their savings while enjoying the flexibility and convenience of mobile banking.
Mali allows M-PESA users to invest with as little as Ksh 100, making it an inclusive option for individuals looking to enhance their financial portfolio.
In this article, WoK will walk you through the straightforward process of enrolling in Mali, highlighting the steps you need to take to start your investment journey.
How to enroll in Mali
Enrolling in Mali is a seamless and convenient process that can be done entirely through your M-PESA account, without any paperwork required.
Simply follow these steps to start your investment journey:
On the M-PESA Super App, go to Grow > Select MALI > Acknowledge accepting the Terms & Conditions by tapping on the Opt In tab > Enter your M-PESA PIN.
Alternatively, on USSD *334#, select 5. Financial services > 0. MALI > Accept the Terms & Conditions > Enter your M-PESA PIN.
Once enrolled, you can start investing and earning daily interest on your savings.
The minimum investment amount is Ksh 100, and the maximum is Ksh 300,000 per day, with top-up limits ranging from Ksh 100 to Ksh 70,000.
Withdrawals from your Mali account are instant, and you can withdraw partially or fully to your M-PESA wallet at any time.
Additionally, Mali offers a competitive annual return, with the interest computed and compounded daily.
The fund is managed by Genghis Capital, a CMA-licensed investment bank, and custodial services are provided by SBM Bank Kenya.
