Malawi Broadcasting Corporation
Business Local News

Tourism Ministry for cashless transactions

The Ministry of Tourism says it will go full throttle in advocating for digital payments across various platforms within the hospitality industry.

Joseph Nkosi, spokesperson for the Ministry, confirmed the development.

“This includes the implementation of cashless solutions for tourism licenses, levy remittances, and forging partnerships with commercial banks to facilitate the adoption of digital payment methods by operators,” he added.

This move aligns with what Finance Minister Simplex Chithyola-Banda spelled out in the 2024/25 National Budget, regarding what Capital Hill intends to do to enhance the tourism sector’s productivity.

He emphasized that the sector has the potential to contribute up to 11 percent to the GDP by 2030 through job creation, foreign exchange generation, and income growth.

In the budget, the Tourism sector received K4.8 billion, which will be useed to support the 20-year National Tourism Investment Masterplan and a Domestic Tourism Marketing Strategy.

Print Friendly, PDF & Email

Related posts

MBC HONOURS CHUNGA FOR INITIATING ENTERTAINERS OF THE YEAR PROGRAMME

MBC Online

Chakwera confident in mining potential

Alinafe Mlamba

Minister of tourism dismisses Likoma island sale allegations

MBC Online
error: All Content is protected. Copyright © 2022. Malawi Broadcasting Corporation. All Right Reserved.