With this innovative solution, clients can now make payments locally in Malawi or internationally, leveraging various foreign currencies. In the rapidly evolving technology landscape, achieving success often hinges on collaborative efforts and strategic partnerships. A recent video posted on Facebook has brought to light the pivotal role played by Standard Bank Malawi in empowering local solutions. Daniel Chiwinga, the CEO of Ctech…
In 2021, Mlimi Pay, a fintech startup developed Mlimi Digital Wallet, a mobile solution designed exclusively to meet the financial needs of smallholder farmers in Malawi. The word Mlimi means “farmer” in the Chichewa language. Despite a successful maize harvest last season, Patrick Thimisoni, a smallholder farmer on the outskirts of Lilongwe, is struggling to buy seeds and fertiliser for the new…
In a collaborative endeavor involving FINCA, Kuunda, and Airtel, the Mgodi Overdraft Facility project was revealed on October 31, 2023, with the objective of easing liquidity challenges encountered by mobile money agents. As a pivotal element of the Digital Financial Services for Resilience program, this initiative signifies a significant achievement in addressing financial obstacles faced by agents. Implemented by the UN Capital…
In a significant development, Flutterwave, the leading payments technology company in Africa, disclosed today that it has officially been granted the authority to facilitate international remittances in Malawi. The coveted International Money Transfer Operator (IMTO) license, sanctioned on Thursday, October 19, empowers Flutterwave to process remittances from Malawians and other Africans sending funds back to their home countries. Citing projections from the…
