In an effort to promote cashless transactions amidst the coronavirus pandemic, local telecoms operators Airtel and TNM have announced that mobile money fees have been slashed from a minimum of K120 to K20.

Present during the announcement was the Reserve Bank of Malawi’s Governor, Dalitso Kabambe, who outlined that for those transacting on the Mpamba and Airtel Money platforms such as paying bills, there will be no charges. But for those cashing out, normal user fees will apply. On the other hand, inter-transactions between the two platforms have seen reduced fees, 

Airtel Managing Director, Charles Kamoto, said his firm is planning a number of other measures to mitigate the impact of Covid-19 on Malawians. However, the telecommunication firms could not commit to cutting internet costs which is critical as most Malawians work from home

These resolves have been announced to be in effect for the next three months.