Institute of Bankers in Malawi says it is in agreement with the drive by Reserve Bank of Malawi to enhance financial literacy and inclusion to the populace in the country.
Chief Executive Officer for the Institution, Lyness Nkungulu, said this in Blantyre when her organization received K3 million from FDH Bank to support logistical arrangements for its forthcoming annual conference. She said banks should reciprocate what the Central Bank is advocating so that the gap of the unbanked should be narrowed.
“Our deepest gratitude goes to FDH bank, it’s not easy to part with such an amount in these hard times, it demonstrates the commitment of the bank to strengthen our institution as it plays a critical role in regulating the banking sector. Let me also take this opportunity, to urge commercial banks in the country to pursue financial literacy and inclusion programs as advocated by the Central Bank.
Scores of fun lovers on Malawi's Independence Day registered on the newly launched Ufulu Digital Account during a Marketing Activation at Ufulu Festival in Lilongwe.
Speaking to Newsline, FDH Financial Holdings Public Relations Officer Lorraine Lusinje said the digital product has so far received a massive response from the masses including at the festival.
Launched a few weeks ago, Ufulu Digital Account allows more people in both rural and urban areas to be financially included.