FDH Bank has agreed a deal with Airtel Malawi to facilitate electronic money transfers for the bank’s customers.
This comes barely two days after the bank also unveiled its new digital platform, FDH Mobile, seeking to consolidate its strategy to move away from traditional brick and mortar to offer more easily accessible services to its customers.
Under the new agreement, Airtel money merchants will be allowed to purchase their electronic value and do reconciliations through FDH mobi le platforms.
Airtel Money Country Director, Chris Sukasuka, and FDH Bank Managing Director, Eric Ouattara, signed the pact in Blantyre Wednesday morning on behalf of the two institutions.
Addressing the press, Ouattara said the innovation is part of the bank’s efforts to drive a technological revolution at the bank.
According to Ouattara, the deal positions the bank strategically to meet its client’s needs.
“Technology is helping us deliver solutions to our customers,” Ouatara said.
Sukasuka, said the new platform addresses some of the challenges presented by traditional banking methods.
“This solution addresses the challenges in daily reconciliation faced by businesses that accept Airtel money as a payment method. Any sales done by the business will be pushed automatically to the business’ bank account at the end of the day and businesses will have access to a full audit trail on fund movement,” he said.