Apr 26, 2018 Last Updated 1:53 PM, Apr 25, 2018
×

Warning

JFile: :read: Unable to open file:

NBM to introduce MasterCard service

NBM headquarters in Blantyre  NBM headquarters in Blantyre
Published in Local News
Read 27317 times
Rate this item
(0 votes)

The travelling public and the business community will now have an opportunity of using electronic cash as representatives of National Bank of Malawi (NBM) plan to introduce a Master Card service.

Many Auto teller Machines worldwide recognize Master Cards which give people an opportunity not to carry a lot of cash when travelling abroad.

National Bank was the first to introduce the VISA card in the country which is another internationally recognized facility for electronic cash.

 This development has followed the granting of principle membership to NBM by MasterCard. The bank will start offering these services this year.

“Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the MasterCard brand debit and credit cards to make purchases.” Said Mcfussy Kawawa NBM General Manager;

According to Kawawa, MasterCard is a payment network that connects merchant payment terminals with a bank’s credit card department.

Because millions of merchants accept huge amounts of credit card purchases every day, NBM preferred to use the MasterCard network to process credit transactions.

“It is the banks expectation that going forward, customers will continue using our services which are convenient and very efficient.” added Kawawa 

 

16652 comments

  • Comment Link Cortney Cortney Tuesday, 24 April 2018 06:42

    Established solutions relating to Smartphone Spyphone can be checked out on our website.
    Taking the computer repair specialist route also has its ups and downs, but perhaps more advantages than disadvantages.
    Right after all, it really is your corporation that feeds and outfits your relatives
    and puts a ceiling over their mind.

  • Comment Link Audrey Audrey Tuesday, 24 April 2018 04:45

    Thank you for the good writeup. It actually was a enjoyment account
    it. Look advanced to far delivered agreeable from you!
    By the way, how could we keep in touch?

  • Comment Link Audrey Audrey Tuesday, 24 April 2018 04:45

    Thank you for the good writeup. It actually was a enjoyment account
    it. Look advanced to far delivered agreeable from you!
    By the way, how could we keep in touch?

  • Comment Link Norman Hinkes Norman Hinkes Tuesday, 24 April 2018 03:17

    With Connectify Hotspot, you can change your personal computer into a genuine Wi-Fi hotspot, and discuss your computer's Web connection as Wi-Fi with some other Personal computer or mobile device. Watch our video recording and find out why an incredible number of users worldwide love Connectify Hotspot!

  • Comment Link Kyle Kyle Tuesday, 24 April 2018 01:51

    Hey there, I think your blog might be having browser compatibility issues.

    When I look at your blog in Ie, it looks fine but when opening in Internet
    Explorer, it has some overlapping. I just wanted to give you a
    quick heads up! Other then that, very good blog!

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook