Ministry of Information, Civic Education and Communications Technology has partnered the Reserve Bank of Malawi (RBM) to sensitise people to the importance of embracing digital financial services.
The ministry’s technical adviser Frederick Ndala said this on Saturday at St. Augustine Three Primary School in Traditional Authority (T/A) Mponda in Mangochi when the central bank launched a programme to raise awareness on the digital financial services.
He emphasised the ministry’s commitment to partnering the central bank in bringing awareness, saying they have seen enormous benefits from the initiative.
Said Ndala: “The importance of this initiative where people are encouraged to pay through electronic platforms cannot be overemphasised. The growth of digital financial services is a principal component of the social and economic development of this country.
“Therefore, without much ado, let me say that our ministry has welcomed the initiative and we promise to use everything we have within our muscle to take the message to the rural areas where most people live.”
In his remarks, RBM executive director for corporate affairs Henry Mathanga said the launch followed the National Taskforce on Electronic Payments (Ntep) established in 2015 to implement activities that seek to accelerate uptake of electronic payments.
“This event marks our journey to go everywhere in the country to sensitise the people to the merits of this platform,” he said, while appealing to electronic service providers to develop customer-centric electronic payment solutions to meet the needs of all customers.
RBM, in partnership with other stakeholders under the Digital Financial Services (DFS) agenda, wants to go out to the peripherals of the country to persuade more people to use electronic payments with their electronic gadgets as opposed to using cash to save time and reduce risk of loss, among other benefits.