One of the county’s commercial banks, FDH Bank, at the weekend unveiled a new innovation which will see Malawians opening bank accounts on their mobile phones. Our reporter TAONGA SABOLA caught up with FDH Bank Head of Marketing, LEVIE NKUNIKA, for an insight on how this will be possible.
Tell us more about the Ufulu Digital Account?
Well, the Ufulu Digital Account is another first on the market and will change the way banking is viewed and done in Malawi forever. Ufulu Digital Account is a virtual account, created by the customers themselves using USSD or the FDH Mobile Smart Application. This is ideal for the banked and the unbanked alike. The account number for a digital account is denoted by the number of the phone used to register the account.
FDH bank has launched FDH Digi-Save Campaign in its quest to encourage people to embrace the culture of saving and FDH Mobile’s “digital revolution”.
The promotion runs for three months from May 25 to August 25 this year and has, on offer, a grand prize of K1 million.
There are also monthly draws, which will see one person walking away with K500,000, three people winning smart phones, 10 customers getting cash prizes of K50,000, with 20 lucky customers winning FDH Mobile branded T-shirts.
FDH Bank is running a bid bond campaign ending 30th June, 2018. The campaign is aimed at helping businesses effectively compete in tender processes.
A bid bond is a form of security that is provided by a financial institution to a contract buyer as a guarantee of their financial capacity to fulfil the obligations of the contract.
FDH Bank has unveiled a new product called Smart Pay which will enable consumers pay for goods and services using their mobile phones.
FDH Head of Business and Personal Banking, Kawawa Msapato, said consumers will no longer have to carry cash, wallets or ATM cards when going shopping.
FDH Bank recently handed over cash prizes worth over K2.3 million to winning schools in the Blantyre Mayor’s Trophy.
FDH Deputy Managing Director, William Mpinganjira, said the bank took pleasure in sponsoring the Mayor’s Trophy as a way of applauding the initiative taken by Blantyre City Assembly to champion the growth of youth in the country.
“We at FDH Bank are committed to growth from inception, and we were not only pleased but honored to be part of this initiative.” Mpinganira said.
FDH Bank officially handed over a Mazda Demio from its Kuyiphula Win a Car Promotion in partnership with Be – Forward to Thokozani Sichali from Karonga.
Mr Sichali emerged as the overall winner out of 933 people who made car purchase transactions during the promotion month of February.
“I will give this car to my wife to ease her mobility challenges,” said the lucky winner
FDH Bank Head of Personal and Business Banking, Kawawa Nsapato, is seen presenting the keys to Sichali who proudly tests his new car.
A Karonga-based businessman, Thokozani Sichali, emerged as winner of a Mazda Demio vehicle during the final draw of FDH Bank’s Kuyiphula- Win a Car promotion.
Sichali could not hide his joy when contacted after the draw.
“I am very happy. This is a wonderful gift the bank could offer,” he said.
FDH Bank has launched the Be Forward Kuyiphula ‘Win a Car’ Promotion.
The launch which took place at the bank’s Head Office in Blantyre recently, further seeks to reward customers.
FDH Bank Small and Medium Enterprise Manager, Anthony Masamba, said the promotion is one way of celebrating the partnership that has also offered the bank another avenue of improving customer service.
FDH Bank says it prides itself as a champion for growth in the country citing education as a lead catalyst for growth.
Deputy Managing Director for FDH Bank William Mpinganjira made the remarks when the bank handed over sponsorship valued at K72 million to University of Malawi after entering into a memorandum of understanding towards sponsoring students.
Mpinganjira added that FDH Bank feels privileged to have a rewarding working relationship with an institution of high esteem as UNIMA which plays an integral role in shaping the future of this nation.