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Comesa businesswomen urged to embrace digital financial services

Digital Financial Services has urged Common Market for Eastern and Southern Africa (Comesa) Federation of Women in Business Malawi Chapter to embrace digital financial services, saying the country needs to be part of the global village.

Digital Financial Services team leader Ella Kangaude said this on Friday in Lilongwe during a meeting with local businesswomen.

Kangaude: It will help to manage finances | Nation

She said: “With digital transactions, people will no longer be carrying huge sums of money to and from the bank where in most cases, more especially women, have been robbed of their cash and others even losing their lives.

“Apart from doing business transactions, this electronic system will also helpl individuals to manage their finances more effectively, such as paying their utility bills while in their homes without losing any money on transport.”

Comesa Federation of Women in Business Malawi Chapter chairperson Sellina Mwenelupembe thanked the Malawi Government for promoting a digital financing system, saying Malawi needs to be part of the global village.

“As a federation, we promote cross-border business and for our women to be oriented in digital financing services, it is crucial because it will assist in promoting their businesses,” she said.

One of the businesswomen, Clara Nanchinga, who is JIA Consultant executive director, said the digital financail system is important because it saves time and reduces some of the expenses.

“Let me take this opportunity to ask service providers to improve efficiency,” she said.

Ministry of Finance and Economic Affairs and the Reserve Bank of Malawi are championing the adoption of digital financial services.

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