PPT highlights its technology-backed solutions in enhancing financial inclusion.

People’s Pension Trust (PPT) joined other industry players to discuss the future of technology in improving financial inclusion in Ghana at the just-ended Mobile Technology for Development conference (MT4D 2023). The two-day event gave players within the industry the opportunity to converge to discuss key issues in digital finance, share best practices, and build partnerships for enhanced efforts in breaking the poverty cycle through financial inclusion.

Speaking as a panel member on the topic, “Future of tech”, our Chief Operations Officer, Mr. Kofi Eba-Miezah Polley, called on partners and regulators to deepen conversations on pensions in the digital finance space to encourage people to plan for the inevitable, retirement. He further highlighted the digital solutions available for PPT members which were aimed at eradicating old-age poverty: sustainable partnerships with strategic tech companies, financial institutions and telecommunication partners, and the provision of flexible digital financial products with options to access unique services across different payment platforms e.g., PPT Member Portal-PPT Member Portal , USSD (*789*111#), PPT Pension App, electronic card payments, and bank transfers. 

In today’s digital world, mobile technology is helping to bridge the financial gap for underserved communities through digital financial products such as savings/banking, pensions, insurance, lending, and even financial education. There is, therefore, a growing need to coordinate interaction among key players in the financial space and build partnerships to enhance the gains made in this sector.

As part of strategies to empower and transform lives, member contributions are divided into two separate sub-accounts: savings and retirement accounts. Members can withdraw funds from the savings account six months after their initial deposit. This allows members to take care of their immediate needs (business capital injection, health, school fees, and other emergencies). Sharing real stories on this, Mr. Kofi Polley recounted how the automatic withdrawal function on the PPT USSD helped a member access the savings part of his pension funds to take care of an emergency just by dialing the PPT USSD Code * 789*111#.  

Moderating a panel on “fundraising for technology”, our Chief Executive Officer, Mr. Saqib Nazir, led discussions on Africa’s fintech industry and how they can achieve significant strides in attracting the right investments despite political and economic challenges and the pandemic.

People’s Pension Trust has been established as the go-to pension organization for workers in the informal sector, offering flexible and convenient pension solutions for all. The company collaborates with partners across various sectors to drive financial inclusion and respond to customers’ old-age income security needs by widening access to innovative financial services to reach underserved communities. The company collaborates with various organizations and partners to increase financial literacy and sensitization on the benefits of long-term savings via diverse literacy platforms.