Select Countries and Regions
Malawi
Natswitch
Scheme name: Natswitch
IIPS Type: Cross-domain
Inclusivity level: Progressed
Year of establishment: 2015
System owner: Bankers Association of Malawi
Overseer: Reserve Bank of Malawi
Operator: Banking Payments Context
Total Participants: 11
Volumes 2022: 11,458,762
Values 2022: 311,826,606 USD
Back to mapCategory | Natswitch |
---|---|
Geographic reach | Domestic |
Geographic description | Malawi |
Scheme governance | Bankers Association of Malawi |
Settlement agent | Reserve Bank of Malawi |
Participants - commercial banks | 8 |
Participants - MMOs | 2 |
Participants - non-bank PSPs | 0 |
Participants - MFIs | 1 |
Volumes 2018 | 3,355,318 |
Volumes 2019 | 5,410,304 |
Volumes 2020 | 8,723,878 |
Volumes 2021 | 9,826,572 |
Values 2018 | 86,855,374 USD |
Values 2019 | 115,561,811 USD |
Values 2020 | 152,676,182 USD |
Values 2021 | 196,353,165 USD |
GNI | 12,398,475,305 |
GNI (%) | 3% |
% off-us transactions | 0.6% |
Interoperability arrangement | Third party |
Ownership model | Participant-owned |
Governance Typology | Private association | Messaging standard | ISO 8583 |
Types of proxy IDs | No |
Use of open APIs | N/A |
QR code standard | N/A |
Pro-poor governance | Yes |
CB governance involvement | Yes |
Expanded use Cases | No |
Minimum channel functionality | Yes |
Minimum use case functionality | Yes |
All licensed PSPs can participate (all-to-all interoperability) | Yes |
Recourse | No |
Not-for-loss | Yes |
TSP partners | BPC Banking Technologies Group (switching), Mitra Systems (computer hardware), Globe Internet (networking and telecommunications) |
Start-up funding (US$ million) | 2.2 (part of World Bank FSTAP US$28 million) |
African IPS Map
Selected Country
Live IPS
IPS in development
No data
Select region to view data