By Brenda Kayo:
Malawi Stock Exchange-listed TNM has launched a Micro-Merchant wallet, enabling small-scale businesses to receive payments digitally, eliminating the need for cash transactions.
TNM Chief Executive Officer (CEO) Michel Hebert made the announcement on Thursday in Lilongwe.
Hebert said the platform aims to facilitate easy and secure digital payments, providing a convenient alternative for small businesses to manage their transactions efficiently.
The Micro-Merchant platform is expected to contribute to a cashless economy, reducing the risks associated with handling cash and increasing financial inclusion for small-scale entrepreneurs.
“The days of relying solely on cash for business transactions are over. This platform is a secure digital solution where people can pay through the merchant account, with no fees for both buyers and business owners,” Hebert said.
Additionally, TNM has introduced a payday loan service for Mpamba subscribers, allowing them to access loans of up to 35 percent of their salary.
TNM has also launched e-Sim technology and Mpamba Quick Pay for TNM customers.
