Malawi

The Republic of Malawi, is a landlocked country in southeast Africa. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi.


Link to external site : Website for Malawi
Malawi
Wallets
Development Developing
Send or Receive
GDP ($m)
HDI classification Low
Mobile Connections (m)
Currency MWK
Class
CountryISO MW
Sovereignity Country
Territory of - NA -
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Channel Analysis
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COT Analysis
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Persona Analysis
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Products
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PI Analysis
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Central Bank
Key Regulations

Payments Systems Bill drafted in 2002 not yet enacted. Question of MNOs operating has not yet arisen.

Financial Services Bill that would apply to all FIs has been drafted.

AML CFT being drafted by Malawi's Financial Intelligence Unit (FIU).

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Type of law
Legal System
Mixed legal system of English common law and customary law; judicial review of legislative acts in the Supreme Court of Appeal
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Law is based on
Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
E-Money
Just approved rollout of : Visa Debit card by National Bank, Makwacha debit card by First Merchant Bank
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Payment
Agent
Unclear but may permit; Regulators keen
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Money Transfer
Restricted; Only Bank
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Taxation
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Population m 13.92
Adult % 53.00
Migrants %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
Urban % 18.00
Female % 51.60
Literate % 71.79
Annual Growth %
Mobile Penetration % 20.01
Banked % 21.00
Access to FS % 21.00
Internet % 1.00
Branches per 100k adults 1.79
ATMs per 100k adults 1.48
POS per 100k adults 1.95
Prepaid % 99.30
Prepaid SIM Registration
MobileUnbanked (m) 2.20
Monthly ARPU
Cards 2010 ('000)
Propensity %
Overall
Population
On Remittance Sent
On Remittance Received
Mobile Unbanked
Migrant %
MP %
Banked %
Development
Can Provide Payments?
Can Market under Brand?
Can issue E-Money?
Can Open Customer Account?
Can Own Customer?
Can do Cash In/Cash Out?
Can offer Domestic Money Transfer?
Can offer International Money Transfer?
Importance for Digital Money
Digital Money Adoption
Prime Candidate
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Registered Wallet Users
Top Wallets
reports 4; makwacha farmers card not yet mobile
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Informal Market
Cost To Remit
Key Players

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