According to the bank’s Chief Commercial Officer, Bernard Mkandawire, the move is aimed at efficiently facilitating international trade transactions for its current and potential clients and in turn playing a huge role in advancing the economic growth agenda of the country.
“As an international Bank that has a footprint across 12 countries in Africa, Europe and Australia, we value the role that international trade plays in the economic growth of the domestic market; hence we saw it fit that we become the epicentre of facilitating trade transactions for our current and potential customers by establishing this department,” Mkandawire said.
Mkandawire further claimed that the department has dedicated banking specialists, who will partner with clients, understand their needs and journey with them to the achievement of their goals.
He said the bank believes in strong partnerships as a way of offering convenience and adding value to its clients’ businesses.
Bank’s Chief Commercial Officer said with the establishment of the department, the bank has partnered with some of the leading Global Correspondent Banks making payments become easier and faster in addition to launching new services like Advance Payments and Lines of Credit for customers trading in foreign currency in order to eliminate export and import problems.
“Clients should now rely on the bank for efficiency in facilitating payments for imports and receipt of export proceeds. Going forward, whether you are an individual who wants to import a car from Japan, or a big importer or exporter, we will provide solutions that will effectively manage risk and make your cross border transactions flexible, simple and cost effective,” he claimed.
MyBucks Malawi is a fully fledged bank with branches in Blantyre, Lilongwe, Mzuzu, Zomba, Mangochi, Dzaleka, Kasungu and Madisi. It also has channel of 17 branches, 78 agents, and 30 ATMS across the country, offering a full range of banking products and services that include Bancassurance and microfinance products.
MyBucks Malawi is part of MyBucks SA, whose Head Office is in Luxembourg and listed on the Frankfurt Stock Exchange; a FinTech company that provides financial products and services through technology with presence in 12 countries across Africa, Europe and Australia.