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chigawenga
Guest
chigawenga

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.

simon
Guest
simon

Malswitch cards do not provide credit- its a completely different card. Apples and oranges.Its was a debit card really.

omolara
Guest
omolara

great stuff! it’s time for Malawi to move into the 21st century…. let’s take this step

Concerned health provider
Guest
Concerned health provider

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.

M'Malawi Weniweni
Guest
M'Malawi Weniweni

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 »

M'Malawi Weniweni
Guest
M'Malawi Weniweni

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?

Hussein
Guest
Hussein

Mlauzi, thanks for clarification. Since this is in its infancy I will watch with anticipation. It’s a step in the right direction.

Achimidzimidzi
Guest
Achimidzimidzi

Timely.

mushoveri
Guest
mushoveri

Some more competition to the Asian traders and South African shops will offer more choices to Malawian shoppers.

Saludzai
Guest

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.