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 |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
3,562.52 Register/Log In |
| HDI classification | Low |
| Mobile Connections (m) |
4.016 Upgrade to Bronze |
| Currency | MWK |
| Class | |
| CountryISO | MW |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Airtel (Bharti Airtel) - Global",2559125],["TNM",1456629]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",34517],["Q4 2001",52831],["Q4 2002",68210],["Q4 2003",118533],["Q4 2004",197039],["Q4 2005",341233],["Q4 2006",601338],["Q4 2007",987978],["Q4 2008",1897611],["Q4 2009",2563000],["Q4 2010",3162942],["Q4 2011",3714334],["Q4 2012",4220730],["Q4 2013",4689994],["Q4 2014",5120104]],"options":{"title":"Connections"}}
| Channel Analysis |
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| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Bank",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["BP",1],["DMT",1],["MB",1],["MFI",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| 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). |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of English common law and customary law; judicial review of legislative acts in the Supreme Court of Appeal Upgrade to Bronze |
| Law is based on | |
| Approach |
Short leash Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
Just approved rollout of : Visa Debit card by National Bank, Makwacha debit card by First Merchant Bank Upgrade to Bronze |
| Payment | |
| Agent |
Unclear but may permit; Regulators keen Upgrade to Bronze |
| Money Transfer |
Restricted; Only Bank Upgrade to Bronze |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",20.01],["Banked",21],["Internet",1],["Urban",18],["Adult",53],["Literate",71.7914]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 13.92 |
| Adult % | 53.00 |
| Migrants % |
2.00 Register/Log In |
| Stock Immigrants ('000) |
275.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
200.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 18.00 |
| Female % | 51.60 |
| Literate % | 71.79 |
| Annual Growth % |
-0.10 Upgrade to Bronze |
| 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 |
11.00 Upgrade to Bronze |
| 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? |
Conditional Upgrade to Bronze |
| Can issue E-Money? | |
| Can Open Customer Account? |
Conditional Upgrade to Bronze |
| Can Own Customer? |
Conditional Upgrade to Bronze |
| 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 Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
reports 4; makwacha farmers card not yet mobile Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |