NMBZ’s XPlug expands to Malawi

The strategic acquisition cements NMBZ’s regional expansion strategy with a footprint in about seven African markets.

NMBZ Holdings’ (NMBZ) fintech subsidiary XPlug is expanding its operations to Malawi as it continues to grow its regional footprint beyond the six African markets it currently serves.XPlug, functions as a comprehensive fintech operating system—effectively a ready-made digital bank that can be adopted by other financial institutions.NMBZ chief executive officer Gerald Gore told The Financial…

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