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Malawi Post Corporation plans to revisit postal banking service for rural communities


Malawi Postal Corporation (MPC), then trading as Malawi Post Office, used to operate banking services in all its post offices across the country.
Partnership with NBS Bank: Nkhoma (left) and MPC Postmaster General Zachaeus Meke
But Malawi Post Office was later transformed to MPC paving way to the creation of Malawi Savings Bank as its subsidiary which was then sold a few years ago to FDH Financial Holdings Limited under FDH Bank.
MPC now plans to revisit this banking service taking cognizance that the rural masses are still unbanked and they intend to utilize their nationwide post offices which are making huge losses. ....

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