Piggybank goes bullish on interest rate payment
By Piggybank has announced an adjustment to its interest rate for savers on its platforms from 6 percent to 10 percent annually for normal savings. Safelock savings has also been increased from 10.95 percent to 12.4 percent. Effectively, Piggybank’s move renews pressure on banks’ digital services such as Alat by Wema and core fintech startups like CowryWise, which…
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