The product will enable Airtel subscribers to perform banking business on the mobile platform.
Powered by Airtel Money, UT FONBANK Account allows subscribers to execute monetary transactions using their mobile handset.
UT Bank head of e-business Nelson Korshi Da Seglah said the development of the FONBank product was necessitated by the desire of the bank to give customers safe and secure means of saving that fits into their lifestyle.
"What we seek to do is to have the FONBank product as a means of reaching to the chunk of our population who are not using traditional banking services," Seglah said.
The service is similar to the traditional bank account, but it assists consumers to get rid off physical presence at the bank branches to conduct banking transitions.
Using UT FONBank, users can make direct payments on savings and loans contributions, buy airtime and withdraw cash.
