{"id":38454,"date":"2023-01-12T22:08:09","date_gmt":"2023-01-12T22:08:09","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer"},"modified":"2023-01-12T22:34:05","modified_gmt":"2023-01-12T22:34:05","slug":"rbm-introduces-instant-electronic-money-transfer","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer","title":{"rendered":"RBM introduces instant electronic money transfer"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial banks\u2019 mobile or internet banking are being processed instantaneously with recipients getting the money instantly.<\/p>\n

The bank has said this in a statement signed by RBM governor Wilson Banda and National Switch Ltd (Natswitch) chairperson Zandile Shaba. The facility has been introduced with funding from the World Bank under the financial sector technical assistance project.<\/p>\n

\u201cThe instant Electronic Funds Transfer will improve customer experience while at the same time increasing the velocity of money, which is a catalyst for economic growth and development,\u201d reads part of the statement.<\/p>\n

RBM and Natswitch have since urged people in the country to use digital payment facilities in their daily needs because such facilities are safer and faster.<\/p>\n

The Central Bank has assured that the bank will continue to collaborate with relevant stakeholders to implement measures aimed at increasing confidence and trust in digital payment solutions.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial banks\u2019 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) […]<\/p>\n","protected":false},"author":84,"featured_media":38453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,307,234,3145,1219],"class_list":["post-38454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-economy","tag-malawi","tag-money","tag-reserve-bank-of-malawi"],"yoast_head":"\nRBM introduces instant electronic money transfer - Malawi<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial ba ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBM introduces instant electronic money transfer\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial ba ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-12T22:08:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-12T22:34:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/01\/postQueueImg_1673548714.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"RBM introduces instant electronic money transfer\",\"datePublished\":\"2023-01-12T22:08:09+00:00\",\"dateModified\":\"2023-01-12T22:34:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/01\/postQueueImg_1673548714.95.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"economy\",\"Malawi\",\"money\",\"Reserve Bank of Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/rbm-introduces-instant-electronic-money-transfer\",\"name\":\"RBM introduces instant electronic money transfer - 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