NBS Bank has signed a deal with the Malawi Posts Corporation (MPC) where the bank would be offering its services through MPC outlets across the country.
The pact is part of the two institutions’ contribution towards the national financial inclusion drive.
The partnership will see the bank’s existing and potential customers open accounts, deposit money, withdraw money, check balance among other transactions at MPC outlets.
Speaking after signing of the agreement at Bvumbwe Post Office in Thyolo District, NBS Bank Chief Treasury and Global Markets Officer, Benedicto Nkhoma, said through the deal, the bank would extend its audience reach.
“This is going to improve our customer-base because at the moment, we have over 25 branches and over 700 agents. With MPC coming in, it means we will have extra 170 agents,” Nkhoma said
Acting Post Master General, Zacheus Meke, said this bond well with the corporation’s quest to turn into a business hub.
“For each transaction that customers will make, a certain percentage will be going to MPC and we are looking at helping individuals having access to financial services in their localities,” Meke explained.
MPC has 170 outlets across the country.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
He is however flexible as he also writes about current affairs and national issues.