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NatSave to launch ATM with VISA

KABANDA CHULU, Lusaka
NATIONAL Savings and Credit Bank (NatSave) is by end of this year expected to launch automated teller machine (ATM) cards with VISA-enabled features following the acquisition of the latest Finacle banking software.
Currently, the bank is offering ATM cards that use the Zamlink platform which is connected to some selected commercial banks in the country.
In an interview, NatSave managing director Cephas Chabu said the future of the institution is bright.
“We have acquired the latest Finacle core banking system. This new software has innovative features and we hope to fully migrate by October this year.
“After installation of the new software, we are thinking of migrating to the ATM VISA platform by end of this year but we are also looking at the National Financial Switch system since it will also have a VISA-enabled platform,” he said.
Mr Chabu said NatSave has so far installed 29 ATMs at its 26 branches aimed at improving financial delivery channels.
“We want to contribute to productivity, we do not want to see people getting permission just to withdraw money but want people to access it any time,” he said.
He said the bank will continue its branch expansion programme with two branches lined up for commissioning this year.
“We have 36 branches countrywide, with 25 in rural areas, where we are trying to enable the unbanked population to access financial and banking services.”
“In areas which are not viable, we appoint agencies and, so far, we have 39 agencies such as large retail stores to run on our behalf the banking services thus contributing to financial inclusion of our people,” Mr Chabu said.




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