FDH eMoney to Empower the Unbanked

Written by  FDH Staff
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05 Sep
FDH eMoney to Empower the Unbanked

FDH Bank has once again reaffirmed one of its aspirations to make the banking experience enjoyable and more convenient through technology with the launch of FDH eMoney, set to empower the unbanked population with yet another affordable and innovative banking solution.

In a partnership with Airtel Money, the bank will be offering a mobile money solution suitable for both individual and corporate customers and agents. This means that customers on FDH eMoney can transact using their e-value in their mobile phones and their cash sitting in the account interchangeably upon registering with Airtel Money through FDH Bank.

FDH Bank managing director Phillip Madinga, who signed the agreement on behalf of the bank, said they partnered with Airtel Malawi to provide a robust mobile banking solution through Airtel Money.

“FDH eMoney is suitable for both personal and business customers, including small and medium enterprises [SMEs] who have been the backbone of our growth over the past few years. We expect that the various Airtel Money agents, most of whom are SMEs spread nationwide will benefit from this service. This strategic partnership with Airtel Malawi indeed aims to create enjoyable banking, by being simple, secure and instant.”

Once a customer registers for the services, it means he or she will no longer have to queue at most of the utility companies to pay bills and conduct money transfers. The service also provides convenience to customers since they can transact anywhere.

The partnership aims to transform the landscape of e-banking services in Malawi, adding that the two organizations will combine their strengths to offer mobile banking services to Malawians at the touch of a button in the comfort of their homes.

Utility companies that are on Airtel Money are Blantyre Water Board, Lilongwe Water Board, Southern Region Water Board, Electricity Supply Corporation of Malawi (ESCOM) and Multichoice.

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