Thursday, January 21, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Airtel to reach out to unbanked

by Johnny Kasalika
05/03/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Ken lipenga1 | The Nation OnlineThe mobile technology that has changed the course of business took a new turn on Wednesday when Airtel Malawi launched a paperless money transfer system called Airtel Money.

The launch of the event in Malawi’s capital, Lilongwe, was also attended by ministers of Finance and Development Planning Dr Ken Lipenga, Information and Civic Education, Patricia Kaliati and Industry and Trade John Bande.

RelatedHeadlines

Low savings rate, a loss to consumers

Firms dominate cannabis licence applications

NBS Bank partners firm in online payment

Lipenga hailed the launch, saying it came at the right time when government policy is moving towards having all Malawians access financial services at  an affordable cost.

He said the technology will reduce risks involved in using hard cash.

Airtel Money, according to the company’s managing director Saulos Chilima, will help customers open bank accounts, check balances, pay utility bills, transfer funds and even recharge  without hassles.

“On a continent where availability of financial services is limited to certain geographical areas and income ranges, the majority mainly in rural areas, uses unreliable and costly informal channels…. which will be addressed by this facility,” said Chilima.

He said the mobile money transfer system, which is already present in East  and West Africa, would reach $200 billion by 2015 as many people have  adopted it.

Bande said the facility will help small-scale traders to eliminate the time and reduce costs of doing business as they can bank and receive payments within the vicinity of their business areas.

Kaliati said the facility would simplify life.

Andrew Santhe, Airtel Money country manager, showed people how the facility works.

He said it is time the country moved on to new technology that helps to improve access to financial services.

Previous Post

Robberies worry telecommunication service providers

Next Post

Growers to sell tea in US dollars

Related Posts

savings | The Nation Online
Business News

Low savings rate, a loss to consumers

January 20, 2021
Malawi conducted trials for 
industrial hemp
Business News

Firms dominate cannabis licence applications

January 20, 2021
NBS Bank plc expects its profit to be 25 percent higher than last year
Business News

NBS Bank partners firm in online payment

January 20, 2021
Next Post

Growers to sell tea in US dollars

Trending Stories

  • Not yet given retirement benefits: Mutharika

    Tonse faulted on former presidents’ benefits

    0 shares
    Share 0 Tweet 0
  • Covid-19 initiative raises K18.3m in 2 days

    0 shares
    Share 0 Tweet 0
  • Fake injury claims soar

    0 shares
    Share 0 Tweet 0
  • Fired Vale staff claim K4.6bn compensation

    0 shares
    Share 0 Tweet 0
  • Consider the poor on Covid-19 measures—Nankhumwa

    0 shares
    Share 0 Tweet 0

Opinions and Columns

Business Unpacked

Towards Malawi2063, lessons from Vision 2020

January 20, 2021
Rise and Shine

Never give up on resolutions

January 20, 2021
In pursuit of development

India’s vaccine drive

January 20, 2021
My Thought

Don’t relax, Covid-19 still here

January 17, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.