18 October 2019

TNM said the development was indicative of their long-term ambition to leverage the growth of mobile money and its ambition to become more than just a telecom service provider

Telekom Networks Malawi (TNM) has turned its mobile money division Mpamba into an independent company and has named Chikhulupilito Mpatso as its general manager.

The new company’s board chairman Michiel Buitelaar said the development was indicative of TNM’s long-term ambition to leverage the growth of mobile money and its ambition to become more than just a telecom service provider.

“The birth of TNM Mpamba Limited will fully exploit the benefits of the big synergies between TNM and the mobile money business, underscoring our vision of becoming more than just a telco,” said Buitelaar. “Our strategy seeks to enable mobile phones to become financial outlets.”

Mpamba’s new general manager said he will remain a key player in the operator’s mission to deepen financial inclusion and application of mobile money technology. “As a company, we will keep pushing the boundaries of innovation to enable customers transact on the Mpamba platform.”