National Bank of Malawi is working on establishing a competition in partnership with Information, Communications and Technologies Association of Malawi (ICTAM).
Officials at Malawi's biggest bank by assets said this was in line with their efforts to take issues of Information Communication and Technology seriously.
The banks Head of Cards and E-Banking Division Williams Kaunda said they want to promote and encourage innovations in Malawi.
“We want our people to come forward with different innovations that bring change in a way we do things as a nation. This will not just be mere change but change that brings efficiencies and improves quality of life,” he said.
This comes on the backdrop of the bank bemoaning the high taxes that they have to pay in order to issue their customers with up to standard ICT services.
Among those include purchase of Automated Teller Machines (ATM) which Kaunda said costs them a fortune but are a basic services for their clientele.
During ICTAM expo in Lilongwe, government of Malawi said it had adopted the ICT Policy to help the country forge ahead with its developmental agenda.
Minister of Information Communication and Technology Mark Botomani said Malawi has a fully fledged ministry showing its commitment.
Botomani said they is need for a roadmap for the adaptation and creation of technologies best tailor made for the Malawi's requirements.