National Bank of Malawi (Plc) has today unveiled a Contactless Payment service which will enable customers with contactless cards to transact on Point of Sale (POS) devices by holding the card in front of the payment device instead of swiping and inserting.
Contactless payment is convenient, smart, fast and secure.
This was announced during the final draw of the Swipe and Win promotion which was launched and ran from November last year to January 15th this month.
The promotion saw unprecedented 200 winners walk away with cash back after using their NBM Visa Debit or Credit card on an NBM Point of Sales device (POS).
Speaking during the press briefing held at NBM Towers in Blantyre, Head of Cards and e-Banking William Kaunda said the promotion has laid a foundation for clientele to build the habit of utilizing digital channels for making payments. He emphasized that NBM will continue to innovate and introduce products that are aligned to changing market trends.
Meanwhile, 45 merchants have also been rewarded for increasing traffic on their POS Machines.