Standard Bank of Malawi launches online VISA Debit card payments
Standard Bank is pleased to announce that its customers will now be able to pay for goods and services online using the bank’s VISA Debit cards.
Launching the offer, Acting Head of Personal Banking Webster Mbekeyani said it is an online, real-time payment settlement method that uses the bank’s security-enhanced VISA debit cards.
Mbekeyani said introduction of the offer represents a bold shift by the bank to offer convenience and efficiency of online transactions to suit customer lifestyles and needs.
He said with the offer, customers will be able to pay for goods and services online from international stores, merchants and services providers worldwide.
Payment of tuition and examination fees at international professional bodies such as ACCA, ABE, ABMA, City & Guilds, CIMA will now be easier and personalized than ever before.
“This offer is a part of the bank’s stride to make progress real for customers by providing them with electronic commerce capabilities that are flexible, safe, personalized and trendy. The on-line Visa payment offers limitless freedom to be one’s own boss or bank, by giving customers real power of purchase using their card,” said Mbekeyani.
He said Standard Bank’s Visa debit cards are embedded with a chip and pin to enhance safety of transactions online and over Point of Sale (POS) devices from any location in Malawi or abroad.
“We are proud to bring another first in our quest to make digital banking real and meaningful to customers. For speedy settlement, efficiency and safety, we encourage customers to use our Visa card service, and those not yet with Standard Bank, to make the switch to the bank that moves them forward,” he said.
E-commerce is the ability for people to do business online. This can be done either on business to business basis or business to person basis. For standard bank it is introduced on a person to business basis.
“For a long time Malawians have yearned for a solution that allows them to purchase goods on-line, and we at Standard Bank are proud to be responding to their need,” he said.
Other payment options available with the bank’s Visa card include air tickets, accommodation and access to purchase from popular online stores such as Amazon, e-Bay and Alibaba and entertainment sites such as I-store and NetFlix.
Follow and Subscribe Nyasa TV :
I was beating my brain out as to whether Malawi will really let me place an order from my favourite US e-commerce when strange twist of intuition has pushing me here on google just to come across this useful announcement from Standard Bank. Am gonna join you as soon as possible
NBS launched similar product over 6 years ago and no, you don’t have to prearrange with the bank for your account to have forex. I used to buy from Amazon with the NBS visa card using my Kwachas but was limited to an equivalent of $100 spending a day.
This is long overdue. As Malawian, we are failing to access to vital services because of lack of such services as e-commerce. I had to move to another country just to have a bank account that can give me freedom of purchase.
I hope it’s open to any visa card.
Standard Bank, mwaitha. I will come back to you for banking.
Nice! I NEED ONE NOW NOW!!!
Has not NBS Bank been doing this ?
Is this TNM Mpamba extension; we are used to see this guy selling Mpamba
Bravo!!!!
Surely there is something missing from this article?
We are told that we will be able to pay foreign vendors for goods and services with the bank’s new Visa card. So (for example) if I want to fly to RSA on South African Airways can I use the card if I have only Malawi Kwacha in my account? Surely, the bit that is missing is that the card holder has to have arranged for their account to be loaded with forex in order that foreign companies can have access to a useful currency, rather than the useless MWK?
Good question. I think the banks settle this among themselves. My understanding is that You’ll pay using whatever you have in your account using the bank’s prevailing exchange rate.