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Global payments platform MasterCard has been integrated with Zimbabwe’s electronic payments platform, Zimswitch, which means that locals can now make seamless domestic and international e-commerce transactions using one bank card. BancABC, the local unit of Atlas Mara, is the first Zimbabwean bank to issue a debit and credit card that will enable Zimswitch and MasterCard...

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After more than a year of investigation, the competition policeman has succeeded in defining the responsibilities of Airtel Malawi, following the complaint filed by consumers in September 2020. The Malawi Competition and Fair Trade Commission (CFTC) has fined the mobile operator Airtel Malawi 2,113,099,660 Malawian kwacha (over $ 2.5 million). Through the sanction unveiled on Wednesday,...

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Malawi’s largest mobile phone operator, Telekom Networks Malawi (TNM) remains optimistic that despite the challenges posed by two years of COVID-19, a volatile exchange rate and a shortage foreign exchange, its business model will deliver more positive results. According to the company, its customer base has increased by 26% to 4.5 million over the last...

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Malawi’s telecommunications industry could generate approximately US$13-million in additional revenue annually by connecting two million people who are without access to the internet. This is according to the ICT Market Access Gap Study, conducted by the Malawi Communications Regulatory Authority (MACRA), which found that in addition to lack of access to broadband, only 44% of locals...

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Mobile money platform TNM Mpamba, run by mobile operator TNM Malawi, now enables virtual local and international e-commerce transactions after announcing a partnership with MasterCard in a Fintech first for the country. The virtual payments solution – which is different from plastic card payments – is facilitated through an interlinked payments platform, an integration of...

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Last year Telekom Networks Malawi (TNM) invested MK31.5-billion (about US$39-million) in telecommunications infrastructure development as part of an ongoing effort to digitally transform and strengthen operations. TNM board chairman George Partridge said the penetration of telecommunications services in the country stands at 48%, which is low in comparison with other markets. He added: “The smartphone...