{"id":44906,"date":"2023-07-02T17:44:53","date_gmt":"2023-07-02T17:44:53","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives"},"modified":"2023-07-02T18:19:54","modified_gmt":"2023-07-02T18:19:54","slug":"tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives","title":{"rendered":"TNM\u2019s mobile money platform playing a critical role of transforming lives"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, listed on the Malawi Stock Exchange, says its mobile money platform is playing a critical role of transforming lives for the better by empowering Malawians through transactional and settlement services.<\/p>\n

Speaking at the conclusion of a TNM Mpamba Kashi Kashi promotion, who grand prize of K1 million went to Rumphi-based journalist Manasseh Nyirenda, General Manager, Chris Sukasuka said the company\u2019s transactional services through Mpamba are going a long way to stimulate economic growth by making cash available in both rural and urban areas and where other financial service providers are not present.<\/p>\n

\u201cThe unique advantage of TNM Mpamba is its expansive network coverage which makes the transactional services ubiquitous,\u201d he said. \u201cPeople can therefore send and receive money, pay bills, share airtime, and receive monthly salaries using our network.<\/p>\n

\u201cIn so doing we are playing a critical role in deepening financial inclusion in Malawi,\u201d he said of the promotion that rewarded customers and agents with over K112 million<\/p>\n

The final draw provided a dramatic and emotional end to the promotion and the winner, Manasseh Nyirenda is among the 28 lucky customers to win the ultimate cash prize. In the course of the promotion other customers won cash prizes ranging from K25 000 to K100 000.<\/p>\n

\u201cI can\u2019t fully express my happiness to win K1 million today courtesy of TNM Mpamba, God has smiled on me. Thank you TNM for Mpamba which has helped to fulfil my dreams,\u201d shouted joyous Nyirenda when contacted.<\/p>\n

Outlining his quick plans for the prize money, Nyirenda said the money completes his dreams of buying a plot for future construction of a home.<\/p>\n

During the draw, Likoma-based Mpamba agent Francis Vuma emerged one of the winners of K500,000 and he said the money will boost the capital base of his business which he invested K700,000.<\/p>\n

Meanwhile, Sukasuka said during the financial year ended December 31, 2022, Mpamba was instrumental in driving the company\u2019s revenue streams, adding that TNM group\u2019s revenue grew by 2% at K96.35 billion due to growth in Mpamba revenue by 27% at K14.41 billion.<\/p>\n

\u201cTNM Mpamba has grown from a simple service that enabled sending and receiving money to providing more value in different ways,\u201d said the general manager. \u201cThis growth has been initiated with our persistent investment in innovation from our staff, partners and more importantly customers and agents for supporting such innovation.\u201d<\/p>\n

The multifaceted Mpamba Kashi Kashi promotion \u2014 which reward 1,008 customers and 868 agents \u2014 registered an increase in transactions by 41% with over 125 million transactions for customers being recorded and 34 million for Mpamba agents.<\/p>\n

Promotion winners were derived from every district providing equity in the contribution of prize money.<\/p>\n

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

Africa-Press – Malawi. TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, listed on the Malawi Stock Exchange, says its mobile money platform is playing a critical role of transforming lives for the better by empowering Malawians through transactional and settlement services. Speaking at the conclusion of a TNM Mpamba Kashi Kashi promotion, who […]<\/p>\n","protected":false},"author":84,"featured_media":44905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,234],"class_list":["post-44906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nTNM\u2019s mobile money platform playing a critical role of transforming lives - Malawi<\/title>\n<meta name=\"description\" content=\"TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, listed on the Malawi Stock Exchange, says its mobile money platfor ...\" \/>\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\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TNM\u2019s mobile money platform playing a critical role of transforming lives\" \/>\n<meta property=\"og:description\" content=\"TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, listed on the Malawi Stock Exchange, says its mobile money platfor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\" \/>\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=\"2023-07-02T17:44:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-02T18:19:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/07\/sm_1688305461.874437.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1122\" \/>\n\t<meta property=\"og:image:height\" content=\"1041\" \/>\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=\"3 minutes\" \/>\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\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TNM\u2019s mobile money platform playing a critical role of transforming lives\",\"datePublished\":\"2023-07-02T17:44:53+00:00\",\"dateModified\":\"2023-07-02T18:19:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\"},\"wordCount\":467,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/07\/sm_1688305461.874437.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnms-mobile-money-platform-playing-a-critical-role-of-transforming-lives\",\"name\":\"TNM\u2019s mobile money platform playing a critical role of transforming lives - 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