Electronic Funds Transfer

Service/Product Target

All Corporate and SME customers with Bulk Payment (or collection) requirements

Product Attributes/ Features

  • A web based platform that allows the customer make bulk payments to numerous recipients to the debit of a single account
  • Also allows the customer to make bulk collections with numerous debits to the credit of a single account. Ideal for insurance premium or loan repayment requirements.
  • Interested customers need to complete an application form after which login credentials are sent to them to enable them access the platform
  • Payment is made by uploading a payment file in text or CSV onto

the platform which is immediately sent to the Bank’s core banking platform and the transactions take effect

Benefits To The Customer/User

  • Ability to make bulk payments and bulk collections at the click of a button
  • Available for use 24/7 from anywhere in the world.
  • Safe and secure through the use of User IDs, Passwords and OTPs delivered to the subscriber’s mobile phone and/or email inbox
  • Supports multiple user authorization requirements
  • A relatively cheaper and efficient mode of payment

Costs To Access The Product

There is no monthly fee

How To Access Product

Visit the website https://nbmeft.banknet.co.mw

mission-vision

 Vision

To be the most successful financial institution in Malawi with international visible presence.

Mission Statement

To provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning.