NBS Bank plc has launched an e-commerce platform powered by Network International, an enabler of digital commerce across Africa and the Middle East.
The implementation of Network International’s N-GeniusTM Online payment gateway will enable the Malawi Stock Exchange-listed bank to offer small and medium enterprises (SMEs), large corporations, public institutions and individuals a fast and secure way to enter the rapidly growing e-commerce market in Malawi.
NBS Bank plc chief executive officer Kwanele Ngwenya is quoted in a statement as having said: “E-commerce 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.”
He said as a first for Malawi, the bank is providing a sophisticated, yet low-cost solution, which will not only help grow, but further engage their customer base and help drive online commerce across many segments in the country.
On his part, Andrew Key, managing director of Network International Africa, said: “Network International already enjoys a long-term, successful relationship with NBS Bank plc, 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 Bank the latest cutting-edge technology.”
He said NBS Bank plc has always challenged the traditional banking offering through technology-driven innovations.