Payments News


Malawi is about to force businesses to accept digital payments

Malawi‘s policy makers, through the Reserve Bank of Malawi (RBM) and other stakeholders, are working on a law that will force companies in the country to accept at least one form of digital payment. Interestingly, this announcement comes at a time when mobile money accounts in the Southern Afrikan country have reached 5,1 million (as of August 2018 according to RBM) yet most transactions with businesses remain cash based.”