Financial services provider FDH Bank has entered into a four year partnership with the Ministry of Gender, Children, Disability and Social Welfare to provide e-payment services through which the bank will make monthly payments to beneficiaries at its 93 pay points across Ntcheu district.
The project aims at reaching out to the ultra-poor and labour constrained households and providing them with financial support to improve their livelihood. FDH Bank managing director for Eric Ouatarra speaking at Hope Orphanage Group in Chipasule Village in Ntcheu where the bank unveiled the programme said the bank priorities financial inclusion hence the implementing the Social Cash Transfer programme.
The fastest growing commercial back in Malawi, FDH Bank launched Ufulu Digital Account during Tay Grin’s show at Chichiri Upper Stadium, in Blantyre.
Speaking during the launch, FDH Bank Head of Marketing, Levie Nkunika said Ufulu Digital Account will allow more people to be financially included.
Nkunika said this product is open to all people in the country and not only those that belong to FDH Bank.
“FDH Bank prides itself as a digital bank and aims at providing financial solutions that meet the needs of people not only in Malawi but in the region.
“With our Digital products and a footprint of 53 branches and over 96 ATMs accross the country, we championing financial inclusion by making sure all can access banking services.
“We also have FDH Pakhomo, a product on FDH mobile that allows agents at various locations in the country to provide the masses with banking services right in their communities,” said Nkunika.