Nedbank Malawi Launches New Banking System

Nedbank Malawi Launches New Banking System

Blantyre – 6 June 2017 – Nedbank Malawi will run on a new banking system and internet banking from 12 June 2017, following implementation in Nedbank Namibia, Nedbank Swaziland and Nedbank Lesotho respectively. This forms part of Nedbank’s overall strategic intent to optimise and invest across its Rest of Africa subsidiaries and Malawi in particular.

“The new banking system will allow Nedbank Malawi to introduce innovative product and service offerings, such as mobile banking, payments and money transfer capabilities,” says Paul Guta, managing director Nedbank Malawi. “It will also enable us to offer simpler and more transparent pricing, meaning that bank charges will appear in real time reflecting as an individual item per transaction. With this, our clients will also be offered bundled options,” he adds.

Guta says the launch follows months of meticulous planning and extensive work behind the scenes to ensure a seamless transition the new, technologically-advanced operating system.

“With the new system, our client value proposition will be enhanced exponentially, setting us well on our quest to being the most admired bank in our country,” says Guta.

Guta also hinted that the transition will be seamless as customers account numbers will not change; hence there will be no need to change their ATM cards and Cheque books.

The implementation of the new system was the collaborative effort of Nedbank teams from South Africa and Malawi. Nedbank Zimbabwe is next in line to move to the new platform, which supports Nedbank’s strategy and promise to clients to further expand its products and services into the rest of Africa.