Afriset Fintech

Payment Service Provider (Other PSP) — Malawi

The Malawi category mapped to payment processing.

Regulator: Reserve Bank of Malawi.

The « Other Payment Service Providers » section of the RBM « Licensed and Authorised Payment Service Providers » press release (as of 2023-06-30, s.4(d) Payment Systems Act 2016), plus the « provisionally licensed to pilot » institutions (a native provisional-status axis — the source's own vocabulary is preserved, never flattened to licensed; the ET 3-state precedent). Mapped to PAYMENT_PROCESSING. Name-keyed. The PSP-side D1 capital/fees/timeline live in the Guidelines for Application and Authorisation of PSPs (an image scan, unread this build) — not published (honest gap).

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.

Source recency: Reserve Bank of Malawi's official list is dated 2023-06-30 — the most recent official publication; verify current status directly with Reserve Bank of Malawi. Entries below are as reported by that list — not a statement of current status.

Licensed providers

10 entities
# Provider Status (as reported) Source Source date
1 AfrimaxPay authorized Reserve Bank of Malawi 2023-06-30
2 Atlas Digital Services Limited authorized Reserve Bank of Malawi 2023-06-30
3 Direct Pay Limited licensed Reserve Bank of Malawi 2023-06-30
4 eLipa Limited authorized Reserve Bank of Malawi 2023-06-30
5 Epay Limited authorized Reserve Bank of Malawi 2023-06-30
6 FINCA licensed Reserve Bank of Malawi 2023-06-30
7 Mobipay licensed Reserve Bank of Malawi 2023-06-30
8 Mukuru (also written Mukuru (Domestic Money Transfer and Mobile Wallet Services)) licensed Reserve Bank of Malawi 2023-06-30
9 National Switch Limited licensed Reserve Bank of Malawi 2023-06-30
10 Wealthnet Finance (also written Wealthnet Finance (Kakupay Service), Kakupay) authorized Reserve Bank of Malawi 2023-06-30

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:PAYMENT_PROCESSING:

Cross-border rules for Malawi →