Digital retail payments on the decline—rbm
Malawians are not embracing digital retail payments compared to other low-income countries in sub-Saharan Africa, figures from the Reserve Bank ...
Tag: ATM
NBS system collapses
Panic and frustration gripped customers of NBS Bank, one of the country’s four listed commercial banks, from Monday morning ...
Nat Switch ATM withdrawals soar in May
Automated Teller Machine (ATM) cash withdrawals through the National Switch (Nat Switch) service increased in May, with records indicating 21 ...
Malawi ATM withdraws rise in April
Auto teller machine (ATM) cash withdraws made a significant increase in April with records indicating that a total of 9 ...
Standard Bank upgrading ATMs
Standard Bank Malawi will upgrade its automated teller machine (ATM) platform on Saturday and Sunday to “deliver excellent and consistent ...
Commercial bank presence triples
Commercial bank branches, as measured by geographical presence and in relation to population tripled in the last two years consequently ...
National Switch undergoing testing
The National Switch (Nat Switch), a shared switch platform to connect all the country’s commercial banks, is at the implementation ...
ATM downtime frustrating payment systems—RBM
Reserve Bank of Malawi (RBM) has said it will continue monitoring commercial banks on automated teller machines (ATM) downtime, a ...
FDH group on a growth path—Mpinganjira
FDH Financial Holdings Limited is well positioned for further growth and expects the group’s fortunes to turnaround, particularly its flagship ...
Nat Switch to improve money transactions—govt
The Ministry of Finance has added its weight on the establishment of the National Switch (Nat Switch), a shared switch ...
