US-based Coins Bank is set to commence operation in Africa and Ghana for that matter.
Coins bank, a financial institution which specialises in borrowing, and lending money currently has branches operating across the world except for Africa.
As a way of making sure small denominations are given value, Coins Bank will ensure customers are responsible for their coins, by saving them and earning interests.
Coins will be accepted as deposits from customers, and the Bank will invest majority of the deposits in bonds, and Stocks on behalf of Customers
Meanwhile Kwame Mayor, Founder and C.E.O of the banks, has warned that his Creative Idea of Coins Bank, around the World, cannot be copied, or imitated without permission.
Source : Ghanaweb
