Email a copy of 'Malawi charge card expands to UK,USA market - MobiMax' to a friend
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Email a copy of 'Malawi charge card expands to UK,USA market - MobiMax' to a friend
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Football Association of Malawi has set up the highest level of qualifications for candidates wishing to apply for the vacant...
I understand that this company is mostly owned by US based Malawians in diaspora. We need more of these kind of investments. The white people will invest in Zambia Moz and Botswana. No lights no water no nothing in Malawi.All Malawians are abroad becoz of no jobs and will risk xenophobia becoz there are no companies to get jobs.very sad.
Malswitch cards do not provide credit- its a completely different card. Apples and oranges.Its was a debit card really.
great stuff! it’s time for Malawi to move into the 21st century…. let’s take this step
Having suffered identity theft three times now at the hands of Malawian financial institutions, I am wondering how personal information will be safeguarded more effectively than throughout the rest of the country.
I have read a related news item about MobiMax card. I have not seen anywhere where Reserve Bank (RBM) have vetted and accepted the introduction of the charge card as claimed by MalCOM on its web site. All I have seen is that RBM has no objection to the card as it is neither a credit card, nor a debit card nor linked to stakeholder bank accounts. So it does not fall under RBM supervisory jurisdiction. MobiMAX card is a free standing mechanism providing employer guaranteed consumer credit. It is accepted by merchants outside the banking payment system. In my… Read more »
It is not true that this is the first charge card. Protea Hotels (when running Mount Soche and Capital) were providing charge corporate cards for use at all Malawi Hotels properties as early as 1996. Another issue regarding the new charge card is: have has this company resolved the Forex controls underlying foreign remittances?
Mlauzi, thanks for clarification. Since this is in its infancy I will watch with anticipation. It’s a step in the right direction.
Timely.
Some more competition to the Asian traders and South African shops will offer more choices to Malawian shoppers.
Bravo, Bravo, Bravo… We have been left behind for so long, this is a good direction to take as a Nation and I believe the Authorities and RBM will assist on legal framework and operationalization so that it materialises soon. We are tired of buying and using outdated but expensive equipment in our houses due to lack of easy procurement means from the global market.