Malawi’s NBS Bank has launched an e-commerce platform to expand its offering to power digital payment acceptance among small and medium-sized enterprises, large corporations, public institutions and individuals.
The solution, powered by Network International, will enable digital commerce transactions for merchants and public organisations through the N-Genius Online payment gateway, the company said in a statement.
The company explained that the solution would enable it and NBS Bank drive Malawi’s goal of becoming a cash-lite economy.
Speaking on the offering, the Chief Executive Officer of NBS Bank, Malawi, Kwanele Ngwenya, said, “e-Ccommerce is the fastest-growing form of commerce in the world. Understanding its role as a key driver of growth for our business, we have launched a world class e-commerce platform with leading payments solutions provider, Network International.
“As a first for Malawi, we are providing a sophisticated, yet low-cost solution, which will not only help grow, but further engage our customer base and help drive online commerce across many segments of the population in Malawi.
“By accommodating all payment types, offering the highest levels of safety and security and enhancing the mobile device experience, our online platform will help many businesses and sectors of the economy grow their online presence and help drive a digital and cashless society.”
Also, the Managing Director of Network International Africa, Andrew Key, said, “Network International already enjoys a long-term, successful relationship with NBS having helped the bank deliver many innovative products to their clients over the years, including both local processing and connectivity to international card schemes.
“Through utilising our proprietary N-Genius platform, Network is proud to provide NBS the latest cutting-edge technology. The NBS has always challenged the traditional banking offering, through technology-driven innovation, and we are delighted to support them as they look to increase online payment acceptance among the population of Malawi and the South African Development Community region.”