Thorough-out pioneer and leading flagship mobile phone network operator, Telecom Networks Malawi (TNM) Plc has clarified that charges to banks that use its network services are affordable and discounted.
The clarification follows a meeting between TNM Plc and Budget and Finance Committee of Parliament on Wednesday, August 4th 2021 at which the operator was invited to respond to allegations of exorbitant pricing for bank-related digital products and services raised by the commercial banks through the Bankers Association of Malawi (BAM) to the committee in April 2021.
TNM CEO Anold Mbwana: We provide services to commercial banks at negotiated and discounted rates.
TNM Chief Executive Officer (CEO) Arnold Mbwana said TNM provides services to commercial banks at negotiated and discounted rates and that the lower cost was helping Malawi’s financial sector players reduce their cost of operating branch services in general.