In an effort to offer banking services to rural areas, New Building Society (NBS) Bank Limited has boosted its customer base by 20 000 between January and May, 2020.<\/p>\n
\u201cWe have registered 116 Bank Pafupi Agents and opened close to 20, 000 accounts between January and May only through agency banking. That\u2019s a very big achievement,\u201d said NBS Bank cluster manager for Mzuzu, Aaron Gumbo,Through Enhancement of Outreach of Formal Financial Services in Rural Areas Project, NBS Bank is working under Financial Access for Rural Markets, Smallholder and Enterprise (Farmse) Program to bring banking services to rural communities through Bank Pafupi Agents.<\/p>\n
Gumbo was speaking Thursday during the program\u2019s media tour to Chitipa and Mzimba districts.<\/p>\n
A teacher at Kadole Primary School in Chitipa, Maclean Mgala said the establishment of a bank agent at Kapoka has helped him save over K8,000 monthly which he used to spend on transport to and from Karonga to withdraw his salary from\u00a0NBS\u00a0Bank.<\/p>\n
\u201cI used to pay K4,000 to and from Karonga but because of the Covid-19 the fare had gone up to K8,000. The K8,000 I am saving every month is used for other important services,\u201d he said.<\/p>\n
NBS\u00a0Bank Pafupi Agent at Kapoka, Happy Mamoto said she has boosted her hardware business through working with\u00a0NBS\u00a0Bank.<\/p>\n
\u201cOn top of commissions which I realize from the\u00a0NBS\u00a0Bank transactions, the bank\u2019s customer also buy their needs from my shop after withdrawing their money,\u201d said Mamoto.<\/p>\n
She added that as an agent she feels secure and safe from theft as most of the money she makes through her shop is given to the bank\u2019s customers through withdraws.<\/p>\n
The project which runs up to 2022 intends to open 1,000 Bank Pafupi Agents and 50,000 bank accounts.<\/p>\n
<\/p>\n
Source: https:\/\/www.nyasatimes.com\/nbs-bank-opens-20-000-accounts-in-rural-areas-within-five-months<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" In an effort to offer banking services to rural areas, New Building Society (NBS) Bank Limited has boosted its customer base by 20 000 between January and May, 2020. \u201cWe have registered 116 Bank Pafupi Agents and opened close to 20, 000 accounts between January and May only through agency banking. That\u2019s a very big<\/p>\n","protected":false},"author":1,"featured_media":2044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[],"class_list":["post-2042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"publishpress_future_action":{"enabled":false,"date":"2026-04-30 19:09:06","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts\/2042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/comments?post=2042"}],"version-history":[{"count":0,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts\/2042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/media\/2044"}],"wp:attachment":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/media?parent=2042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/categories?post=2042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/tags?post=2042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}