National Bank of Malawi (NBM) PLC has introduced a specialized financial solution for fuel service station operators with the launch of Fuel 360.

Oswin Kasunda, NBM’s Head of Retail Banking, says Fuel 360 is specifically designed to address the unique financial challenges faced by fuel service stations.

We recognized the need for a tailored financial solution that meets the specific demands of service station operators,” Kasunda said. “Our package includes credit facilities, digital platforms, payment guarantees, and overdraft options—empowering operators to manage their businesses more efficiently.”

According to Kasunda, the market response has been overwhelmingly positive, with numerous requests from interested customers.

One of those customers, Aggrey Kaputeni, a fuel service station operator, expressed his enthusiasm for the new product. “360 financing is an excellent solution—it’s a game-changer for service station operators,” Kaputeni said. “The flexible terms and timely financial support have helped us expand our business significantly.”

With Fuel 360, NBM aims to drive growth in Malawi’s fuel industry by providing a comprehensive financial solution tailored to the needs of service station operators.

Customers will be able to draw funds on credit of K60 million without collateral while at the same time the operators will also be provided with the opportunity to work as banking agents.