Business captains and customers have hailed National Bank of Malawi (NBM) for introducing its Visa branded credit card describing it a huge innovation and way forward for the banking industry in the country.
NBM launched the NBM credit card last week in Lilongwe and on Friday introduced the innovation to business gurus and customers based in the southern region at Sunbird Mount Soche.
In random interviews most of the business captains and customers expressed satisfaction with the introduction of the card saying it was long overdue.
“This credit card is a fantastic innovation by the bank especially to us customers. We had problems in the past whenever we wanted to travel out of the country as we had to apply for forex and go all through that process but with this credit card; one can just leave as the money is in the card. It gives us confidence. In fact I am getting mine next week, I can’t wait any longer,” said prominent lawyer and NBM customer Meyer Chisanga.
Business mogul Jimmy Korea Mpatsa described the coming of the credit card as a good development as it will ease travelling especially outside the country because people can leave at short notice without worrying about the money and forex.
“This card will also improve company’s liquidity because you can use the money in the card and pay the bill after 45 days and this is good for the country and the economy as well,” said Mpatsa.
Malawi Telecommunications Limited (MTL) Chief Administration Officer Hilda Singo said the credit card is long overdue.
“We have been waiting for this credit card for a long time, this is the way to go especially when one wants to travel outside the country, it will make out life much easier,” said Singo.
Brittam Insurance Chief Executive Officer Grant Mwenechanya described the introduction of the credit card by NBM as a ‘huge innovation’.
“This is a huge innovation, it’s a huge step forward especially for those who frequently travel outside the country, it is very convenient. Companies will benefit as well as they can send their employees to work outside their duty station and give them the credit card to cover for their expenses, it’s very convenient,” said Mwenechanya.
Speaking at the function, NBM Acting Chief Executive Officer, Mac Fussy Kawawa promised that the bank will lead and help in creating a vision of a robust and efficient payment system for the nation.
“It is our tradition that every time we are bringing new innovation on the market, we give adequate time to pilot the product and test it with both our staff and some of our customers.”
“Therefore be assured that this product is as robust as it can get because we pride in giving you the best,” said Kawawa.
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