Use credit cards to purchase fund units - 19/05/2008
Tuesday ~ July 07, 2008 by blogadmin
Use credit cards to purchase fund units - 19/05/2008. Some of the bigger business fund houses are creating services that mean credit cards and mobile payments can be made to help out mutual fund investments. ‘At least two players are almost ready to offer payments via credit cards,’ said M N Srinivasu, director of BillDesk, which runs the payments channel for mutual funds as well as a number of other businesses. The main thing slowing the whole process down has been the fact that mutual funds have not been able to undertake credit card payments, as they would need to pay 2% to credit card Company”s per transaction.
Fund houses have been very busy bees recently, with one expanding on the amount of other choices there are for making payments, making it easier for consumers looking to make mutual fund investments.
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