The Reserve Bank of Malawi (RBM) has hailed MyBucks Banking Corporation for its efforts to simplify banking in Malawi.
RBM Deputy Governor, Grant Kabango, was speaking in Lilongwe on Thursday when MyBucks unveiled its online banking platform, MyBucks Flex Online.
MyBucks Flex Online services comprise a website and mobile apps that enable customers to access, give instructions on and operate additional functionality in relation to certain accounts they hold with the Bank.
The platform further allows customers to move money between its accounts and to accounts held with other banks.
Kabango said gone are the days when bank customers could travel long distances to access banking services.
MyBucks Chief Executive Officer, Zandile Shaba, said the bank is committed to give world class banking services to customers.
“Innovation is the law of tomorrow. In the banking industry, a lot is changing too. For that reason, MyBucks Bank is constantly adjusting and adapting to the changing times and demands. We are ready for tomorrow, today,” Shaba said.
She described the platform as robust and secure.
MyBucks Banking Corporation Malawi, formerly known as New Finance Bank, was licensed on May 13 2014 and commenced its operations on July 24 2015.
The bank is owned by MyBucks South Africa, a FinTech company that delivers financial services through technology.
MyBucks SA has its operations in 12 African countries and in Australia through its brands Fair Go Finance, GetBucks, GetSure, MBC, and Opportunity Bank.
The group offers credit, banking solutions and insurance products to customers.