In the age of mobile money firms partnering with banks to ease transactions, National Bank of Malawi (NBM) has started off 2019 by availing its transactions with Airtel Money.
Hearing its customers’ requests, NBM made the move and now customers can now withdraw or send to/from Airtel Money or NBM accounts. “This enables customers on MO626 and Airtel Money platforms to send and receive money from each other” said William Kaunda, NBM’s head of cards and e-payments.
The above is indeed a much needed initiative, since unlike entering the bank or accessing an ATM, the mobile transactions overcome the problem of distance. The two brands have had a good relationship since their loan partnership in 2012, in which the mobile company’s customers would get loans from the bank to purchase smart phones.