Categories: Editor's Picks

Zamtel slashes withdrawal fees

• All Zamtel Kwacha withdrawals of K150 will now attract a fee of only K2.
• Withdrawals of above K150 to K5, 000 will carry a K5 withdrawal charge.
• Tatyola campaign is meant to increase the use of digital finance in Zambia.

State Telecommunication Company says it has slashed withdrawal charges on its mobile money platform for the next 30 days.
Zamtel Corporate Communications Manager Changwe Kabwe explained to Money FM News in a statement that all Zamtel Kwacha withdrawals of K150 will now attract a fee of only K2, whilst those above K150 to K5, 000 will carry a K5 withdrawal fee.
Mr. Kabwe said this has been done through a campaign dubbed Tatyola, which is meant to increase the use of digital finance in Zambia.
He stated that the telecommunication Company is confident that the reduction in withdrawal charges will translate into real savings for subscribers.
“We are excited to announce this month long campaign where we have slashed withdrawal charges on all Zamtel Kwacha cash outs from the usual charges which go as high as K50. Now our Zamtel Kwacha customers will enjoy fees as little as K2 for withdrawing amounts as high as K150,” Mr Kabwe said.
Mr. Kabwe encouraged Zambians to fully embrace the use of digital finance as the future for commerce and trade is going to be even more digitalized.
“We are aware that the trends globally point to a future where everything will be digital and that includes finance. We believe that Tatyola and all other activities we are doing as Zamtel is to help our millions of customers embrace a digital lifestyle,” he added.

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