VISA awarded First Capital Bank the Best Innovator Award 2025 for developing FCB Tap, a mobile payment technology. The digital solution transforms Android smartphones into payment terminals through Near Field Communication technology. Merchants receive customer payments when cardholders tap their bank cards against FCB Tap devices and input personal identification numbers. Small businesses and mobile vendors gain affordable alternatives to traditional point-of-sale machines through this system.
Chitsanzi Gadi, FCB's Head of Products, called FCB Tap a lifestyle solution that expands payment choices for customers. The technology offers merchants cost-effective payment processing while maintaining transaction security through built-in protection features. FCB Tap previously earned the Outstanding SME Initiative of the Year Award at the 2024 IMM Marketing Excellence Awards. The innovation advances cashless payment adoption across Malawi's financial sector. This recognition establishes FCB as a leader in digital banking transformation within the country.
Chitsanzi Gadi, FCB's Head of Products, called FCB Tap a lifestyle solution that expands payment choices for customers. The technology offers merchants cost-effective payment processing while maintaining transaction security through built-in protection features. FCB Tap previously earned the Outstanding SME Initiative of the Year Award at the 2024 IMM Marketing Excellence Awards. The innovation advances cashless payment adoption across Malawi's financial sector. This recognition establishes FCB as a leader in digital banking transformation within the country.
