By Andrew Mwanandiye Tembo
Competition and Fair Trading Commission (CFTC) has ordered TNM plc and Super League of Malawi (Sulom) to use both cash and e-ticketing through Mpamba Khadi Mbambande as means of paying for TNM Super League matches tickets for six months.
CFTC Chief Executive Officer Lloyds Vincent Nkhoma shared the decision during a press briefing it organized on Wednesday in Blantyre to brief journalists on its efforts in ending alarming challenges between services providers and service seekers in the country.
“we have ordered TNM to ensured that the agreed service is being offered as required or either allow the service also accessed through direct bank or Airtel services”
“and that TNM and Sulom should within one year, open the e-ticketing solution to other financial payment service providers to ensure interoperability” he said.
The announcement follows TNM’s application for exclusive dealing.
Nkhoma says this transaction can potentially lessen competition in the relevant market and is contrary to the Payment Systems (Interoperability of Retail Payment Systems) Directive, 2017 and the Payment Systems (E-Money) Regulations, 2018.
The commission also tackled the main challenge that is fueling Sugar scarcity and attracting its high pricing citing illegal marketing as a main cause that hinders CFTC work at times.
The commission has since sensitized general public to report the market players accordingly for possible solutions in dealing with it.
