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.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Indo Zambia Bank disburses K64 million under SAFF

Indo Zambia Bank has been actively involved in promoting sustainable agriculture through the credit facility.…

Read More

IZB receives positive Credit Rating, as Bank’s total asset base grows to K18.2 billion

AA- rating signifies that investors can have confidence in the Bank, making it an attractive…

Read More

IMF downgrades Zambia’s economic growth forecast to 2.3 percent

Growth in 2024 is now projected at 2.3 percent. Near-term reform priorities should focus on…

Read More