By Chisomo Phiri
One of the country’s financial institutions Ecobank Malawi has introduced OmniPlus, an innovative feature, to its Internet banking platform, that seeks to enhance convenience and accessibility to Mobile Wallet Transfer.
In an interview with 247 Malawi News,the bank’s Head of Payments and Cash Management, Douglas Luka, said the feature will empower businesses to conduct multiple transfers to multiple beneficiaries directly from their accounts to the mobile wallets of recipients that are on Airtel Money and TNM Mpamba wallets.
“This feature enables customers to save on transaction fees and manage their finances more effectively, empowering individuals and businesses to participate more fully in the formal economy, contributing to overall economic growth and prosperity,” explained Luka.
He added that the initiative will assist the unbanked to receive and develop a saving culture as they will be able to keep the money in their phones.
“We hope this innovation will assist those organisations that conduct social cash transfers, payments of salaries to workers, and allowances to people, especially those that live far from banks,” he said.
Luka was of the view that the business internet banking platform is a game changer that will contribute to the growth and prosperity of the nation.
Ecobank is a full-service bank providing a broad range of products and services to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals.
Listed on three stock exchanges, Ecobank is also the leading pan-African bank with operations in 27 countries across the continent.
