NBS Bank unveils new e-commerce platform powered by Network International

NBS Bank, a leading commercial bank in Malawi, has announced the launch of its state-of-the-art e-commerce platform, powered by Network International, a leading enabler of digital commerce across Africa and the Middle East.

Almost 60% of all e-commerce transactions are made on a mobile device, but there is a high cart-abandonment rate when the page lacks credibility. A mobile-first solution ensures every aspect of the payment page is optimized to enhance the customer shopping experience.

NBS bank through the implementation of Network International’s N-Genius Online payment gateway will provide Malawian small and medium enterprises (SMEs), public institutions, large corporations, and individuals a secure and fast way to enter the growing e-commerce market in Malawi. 

“E-commerce is the fastest-growing form of commerce in the world. Understanding its role as a key driver of growth for our business, we have launched a world-class e-commerce platform with leading payments solutions provider, Network International.

As a first for Malawi, we are providing a sophisticated, yet a low-cost solution, which will not only help grow, but further engage our customer base and help drive online commerce across many segments of the population in Malawi.

By accommodating all payment types, offering the highest levels of safety and security and enhancing the mobile device experience, our online platform will help many businesses and sectors of the economy grow their online presence and help drive a digital and cashless society,” said Kwanele Ngwenya, Chief Executive Officer, NBS Bank, Malawi.

Network International has been at the forefront of driving digital payments acceptance across Middle East and Africa, offering end-to-end payment solutions to its growing client base in over 50 countries. By enabling the capability of digital commerce transactions for merchants and public organizations through the N-Genius Online payment gateway, the companies will help drive Malawi’s goal of becoming a cash-lite economy.

“Network International already enjoys a long-term, successful relationship with NBS having helped the bank deliver many innovative products to their clients over the years, including both local processing and connectivity to international card schemes. Through utilizing our proprietary N-Genius platform, Network is proud to provide NBS the latest cutting-edge technology. NBS have always challenged the traditional banking offering, through technology-driven innovation and we are delighted to support them as they look to increase online payment acceptance among the population of Malawi and the SADC (South African Development Community) region,” said Andrew Key, Managing Director, Network International Africa.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related IBS Intelligence Research

Related Posts

BNPL

The ‘Buy Now, Pay Later’ fever is here to stay 

The announcement that fintech giant Square is planning to buy Australian instalment payment firm Afterpay for $29 billion is just the latest spin in the race to dominate the buy-now-pay-later (BNPL) space. The news sent Square’s stocks up 10% on Monday. ‘Buy Now, Pay Later’ programs allow customers to purchase expansive items straight away with […]

This post is only available to members.

Read More »