By Lesnat Kenan

Lilongwe, June 18, Mana: Centenary Bank Managing Director, Godfrey Byekwaso, has said the strategic partnership agreement with Paychangu is one way of boosting business transactions through a convenient payment solution in Malawi.

Byekwaso made the remarks during the unveiling of the partnership on Tuesday in Lilongwe.

He said the partnership agreement will improve and expand Small and Medium Enterprises (SME) by helping merchants to connect with their customers.

"Customers, including merchants and organizations will benefit from faster, more secure payments, simplified payment processing, and the ability to receive funds instantly, thereby helping them to manage cash flow better and serve customers more efficiently", he explained.

He further added that the partnership will also help customers to pay businesses online using instant bank transfers from any bank.

Concurring with Byekwaso, Paychangu Chief Executive Officer, Morgan Tembo, said financial innovation is a driver for developing economies through digital payments.

He said the Paychangu platform will help business operators, including SME's to make payments directly from Centenary Bank to their mobile.

Paychangu is linked with other mobile payment platforms such as Airtel Money and Mpamba Wallet and is available on all centre mobiles by dialling *632# and selecting other payments.