Further proof of the vast strides being made by cashless payment on the African continent comes from Malawi where a new agreement aims to enhance the country’s e-commerce sector.
NBS Bank, a leading commercial bank in Malawi, has launched a state of the art e-commerce platform, powered by Network International (Network.ae), a leading enabler of digital commerce across Africa and the Middle East.
The implementation of its N-Genius Online payment gateway will, says Network International, enable NBS Bank to offer Malawian small and medium enterprises, large corporations, public institutions and individuals a fast and secure way to enter the rapidly growing e-commerce market in Malawi.
With the capability to enable digital commerce transactions for merchants and public organizations through the N-Genius Online payment gateway, NBS Bank and Network International say they aim to help drive Malawi’s goal of becoming a cash-light economy.
Kwanele Ngwenya, Chief Executive Officer, NBS Bank, Malawi described this as “a sophisticated, yet low-cost solution,” and added: “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.”
NBS Bank is a fully fledged commercial bank providing a wide range of financial services to individuals, small and medium businesses, large corporations and public institutions. It was incorporated as a limited company in 2003.