National Bank of Malawi (NBM) has launched a new promotion, 'Mo-Cardless' which aims to bring awareness to customers on the service.

Cardless withdrawal is a service that enables users to cash out from their accounts through use of the Mo626 Digital+ App and NBM ATMs without the use of an ATM card.

The feature further allows a user to send a redemption token to themselves or to a beneficiary who may not even an NBM account holder.

The promotion will run from three months-20 March -June 30, 2023.

Enala Chirwa, NBM Mobile and E-Services manager said: "We feel there is possibility to bring awareness of the cardless services.

"We have seen some growth but we believe there is space for more. We expect more uptake."

In 2020, a similar cardless promotion saw a 30 percent uptake in the service.

"Customer who patronise the cardless withdrawal promotions will be awarded based on generation and redeeming of the the tokens."

There will be monthly prizes of cash of K30,000 to 20 people and 15 branded t-shirts and mugs.

The grand finale will seen one person walk away with K1.5 million.

The second winner will get K1 million with the runner up pocketing K750,000 in cash.