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Malawi

Natswitch

Scheme name: Natswitch

IIPS Type: Cross-domain

Instruments: Credit EFT , Debit EFT , E-money , Card

Channels: Browser , POS , USSD , ATM , Branch , Agent

Use cases: Transfers & remittances (P2P) , Merchant payments (P2B) , Business purchases (B2B)

Inclusivity level: Progressed

Year of establishment: 2015

System owner: Reserve Bank of Malawi

Overseer: Reserve Bank of Malawi

Operator: Natswitch

Total Participants: 13

Volumes 2021: 9,826,572

Values 2021: 197,867,086 USD

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CategoryNatswitch
Geographic reachDomestic
Geographic descriptionMalawi
Scheme governanceNatswitch
Settlement agentReserve Bank of Malawi
Participants - commercial banks10
Participants - MMOs2
Participants - non-bank PSPs1
Participants - MFIsN/A
Volumes 20183,355,318
Volumes 20195,410,304
Volumes 20208,723,878
Volumes 20219,826,572
Values 201886,855,374 USD
Values 2019115,561,811 USD
Values 2020153,755,969 USD
Values 2021197,867,086 USD
Governance TypologyPrivate association
Messaging standardISO 8583
Types of proxy IDsBIN Number
Use of open APIsNo
QR code standard No
Pro-poor governanceYes

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