The National Bank of Malawi just started a new money program for gas stations called Fuel 360. The bank made this plan after talking with many station owners about their money problems. NBM retail banking head Oswin Kasunda said gas station businesses need lots of cash fast when they run low on fuel. This package helps them keep their tanks full without stopping business.
Gas stations can borrow up to K30 million without putting up anything as security. The deal comes with card machines that make taking payments easier for customers. Station owners often need bank promises to buy fuel from companies like PUMA. The package also lets station workers get loans with lower interest rates through their employers.
PUMA Energy Malawi operations leader Tabo Nakalonga thinks the program will change how gas stations handle money. He says it will make buying gas quicker for customers and give station owners new ways to earn money through bank services. The ready cash will keep stations running smoothly even during hard times.
Gas stations can borrow up to K30 million without putting up anything as security. The deal comes with card machines that make taking payments easier for customers. Station owners often need bank promises to buy fuel from companies like PUMA. The package also lets station workers get loans with lower interest rates through their employers.
PUMA Energy Malawi operations leader Tabo Nakalonga thinks the program will change how gas stations handle money. He says it will make buying gas quicker for customers and give station owners new ways to earn money through bank services. The ready cash will keep stations running smoothly even during hard times.
