Frankfurt-listed FinTech, MyBucks is pleased to announce that it is merging its operations in Malawi (GetBucks Malawi and New Finance Bank Malawi) – and rebranded the operation to MyBucks Banking Corporation.
The move forms part of the MyBucks Group’s strategy to increase and grow its banking presence in high-growth markets, consolidate its operations and streamline its services to enable fast, always-on technology-driven financial services to clients.
MyBucks completed its 100% acquisition of New Finance Bank in January 2019, up from its initial 50% holding, after steering a turnaround of the bank from a loss-making position to unlock triple digit growth by 2018. The bank also opened the world’s first branch at the Dzaleka refugee camp in April 2018. Read more