National Bank of Malawi announced its continued partnership with Impact Events, who are the organizers of the Sand Music Festival, by pumping US$15,000 approximately K11.5 million into the festival set to take place in October. The bank announced the exciting news during a press briefing at NBM Towers in Blantyre. National Bank of Malawi Head of Strategy, Marketing and Corporate Affairs, Wilkins Mijiga, said having worked with Sand Music Festival last year where they pumped in US$10,000, they thought of coming back to, among others, help promote tourism.
He said having nnoticed that the music festival scene is something that Malawians have embraced wholeheartedly,they saw to it that there was a need for a secure platform of payment hence bringing in Mo626."The Sand Music Festival is growing and its something which is promoting tourism and we thus want to help promote tourism, create tax for the government and create employment," Mijiga said.
He said their concern when they sponsored the festival last year was that there was a lot of fraud which saw the organizefrs not making money.Some people produced their own tickets which was stealing while the organizers did not benefit and these people reaped where they did not so and so as a responsible bank, we thought of bringing a secure mode of payment," Mijiga said.
He said the tickets during the fesival will only be pre-sold through Mo626 which he described as as a cool mobile banking system which is absolutely free."Mo626 is the best nmobile phone banking as it is for free and through it we want to promote electronic mode of payment and we are using this brand as a payment system. It is a flagship brand interms of electronic platform of payment where one can use any mobile phone and paying via Mo626 is," he said.