Suleman delighted with MobiPay approval as payment aggregator by Reserve Bank of Malawi
Businessman-cum-politician Daud Suleman has expressed delight with the approval by the Reserve Bank of Malawi (RBM) on MobiPay to operate as a payment aggregator—a service provider through which e-commerce merchants can process their payment transactions.
Suleman, who is Malawi Congress Party (MCP) IT specialist and is behind Kokoliliko Holdings, is MobiPay chief technology officer and co-owns the company with Aleksander Kalanda, Webster Mbekeani and Joshua Rombosia.
A payment aggregator is a device provider that allows merchants to interface with many banks without them having to open accounts or deal with all the banks.
Suleman said by giving a merchant one registration and allowing them to receive payments from many banks, it is opening the space for more digital transactions.
The approval letter dated November 2, 2020 signed by RBM deputy governor for economic services and regulation Grant Kabango has outlined that the pilot phase of aggregation has been approved for six months, as contained in the Payments Systems Act (2016) . A final approval will follow after considering an independent audit by external auditors.
Reads the letter in part: “Kindly note that the review of the application is subject to submission of a report to the RBM on the progress of the pilot independently audited by external auditors.”
Mobipay promises to provide merchants with an opportunity to receive digital payments through websites, apps, point of sale devices and USSD services.
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I foresee the worst financial scandal Malawi and any government in the world has ever had. The more things change is more they remain the same
Kalanda is a board Director of reserve bank of malawi. Conflict of interest.
NOT TRUE. Kalanda is NOT a board director at RBM. Check http://www.rbm.mw
Suleiman and Kalanda are crooks.how can RBM accept these crooks??go to NBS bank its Suleiman who orchestrated theft of over three billion in 2015/16 when he was seconded frm NICo and nothing happened.at Opportunity bank with his friend in crime Kalanda they created fake people and issued hundreds of loans worth billions,nothing happened.now Reserve Bank of Malawi is issuing a certificate to these fraudsters process payments and handle peoples money.kodi wat are we smoking Malawians???as for me and my colleagues we cnt do business wth that company.its disappointed ting to be in Malawi.
Koma pakutha pa 5 years imeneyi Suleman adzakhala richest guy in Malawi chifukwa mmmm ma contract onse a dola akungomuunjikira. Ndiye winawe nkumaombera mmanja kuti zili bwino, ngati kuti mMalawi muno mulibe ena othekera kugwira ntchito imeneyi. Koma fans ikuona zonsezi chidzadziwe nchipande.
Kaya zanu izo ife we r using the api to link our apps. Pena kumayamika this guy is advancing the Malawi tech playing ground, levels are changing. Big up Daud and team.
Good job Daud and team. Ife tiliphee kudikila with our products that we shall launch with your payment system. Although I must stress that it will be necessary for telecom companies to reduce data in order for this to work to the best
Reserve Bank was in a fix whether to accept this MCP guy. And has been accepted due to Suleman’ s political status.
When the Word of God said that there will be avtime when people will use one currency, we thought that there will be a face print of one of the most powerful leader in the world BUT here we come secretly or subtly getting into one digital currency without even knowing. God is Great.
Where is that found please give to check
Zammutu basi.
Uku ndiye kupeperatu. Maiko anzathu anayamba kale kale a khristu pena umbuliwu bwanji? Go and read the bible again
Alexander kalanda stole money when he was CEO at opportunity bank. Was dismissed unceremoniously and started his own consulting company. Sulemani as you all know he inadvertently ruined the nbs Bank network and cost the bank k50 million in reserve Bank penalties due to his failures. Now the two have met and formed a company? People Take care
with such a history one wonders how the license was issued
Suleman was with kalanda at opportunity bank, they messed it together. Anthu anatenga ma loan using nyumba zadothi as collateral😂😂😂
Kkkkk
Woyeee suleman
Muberedwa sure. Chaka chake ndi chino!