By Dipo Olowookere
An inter-brokerage services firm, Parthian Partners Limited, has developed a mobile application to make investment in treasury bills seamless.
The new app is called I-invest, and it allows users purchase the government instrument directly from their smartphones.
Apart from that, the app eliminates entry barriers such as lack of education and information to make smart investment decisions and the ability to get a broker and/or time required to visit banks to fill forms for treasury bills.
Furthermore, with the app, which is available for download, new investors can trade like a professional because they have equal opportunities available to experienced and institutional investors to save money and improve their money market portfolios through treasury bills.
Chief executive officer of Parthian Partners Limited, Mr Oluseye Olusoga, said in a statement issued by the firm that the app developed in partnership with Sterling Bank Plc.
“I-invest extends the use of mobile technology beyond money transfers, utility bill payments and airtime purchases.
“It broadens the choice of money market products available to new and experienced retail investors in the Nigerian money market to include treasury bills,” he said.
“Potential investors require only a smartphone with a functional mobile phone line and data subscription to use I-invest,” Mr Olusoga added.
A check of the mobile app on Google Playstore by Business Post showed that it is a platform where users can invest in other fixed income products.
The app helps users to monitor the growth of their investment real-time and liquidate it at any time into their cash wallet.
I-invest, which was released on March 23, 2018, has had over 100,000 downloads and has received positive reviews from users.
Adedapo Adesanya