The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial banks’ mobile or internet banking are being processed instantaneously with recipients getting the money instantly. The bank has said this in a statement signed by RBM governor Wilson Banda and National Switch Ltd (Natswitch) chairperson Zandile Shaba. […]

The post RBM introduces instant electronic money transfer appeared first on Malawi24.