How to Buy Safaricom Shares Using Bonga Points. So, how do I buy Safaricom shares using bonga points?
Well, the steps are similar- you need to place the order via the app or the form and wait.
But you’ll need to redeem the bonga points first (and have them converted into Kshs)
Just follow the process below to redeem the bonga points:
- Dial *126#
- Select ‘Lipa na Bonga’ menu
- Select ‘Paybill’ option
- Click ‘Enter Business Number’
- Key in the Paybill number provided by your stock dealer then ‘OK’
- For the ‘Account Number’ option, fill in your CDSC account number then ‘OK’
- Proceed to enter the amount you wish to pay in Kshs then send.
Side note: Keep an eye on the available bonga points in your account –you want them to fully cover the cash equivalent plus the transaction levies.
Buying Safaricom Shares using bonga points (You get Ksh1 for every 5 bonga points).
If you wish to redeem your Bonga points and invest them in Safaricom shares, below is a list of trading participants you can use:
- NCBA Capital
- Faida Investment Bank
- AIB-AXYS
- ABC Capital
- Old Mutual Securities
- Kingdom Securities.
- Suntra Investment Bank
- Francis Drummond &Company
- Dyer& Blair Investment Bank
- Sterling Capital.