PayChangu lands Reserve Bank of Malawi licence to expand digital payments

Malawi’s central bank has awarded locally owned fintech company PayChangu a Payment Service Provider licence, authorising it to provide payment aggregation services across the country. The approval falls under the Payment Systems Act of 2016 and takes effect on 30 September 2026. It creates room for a Malawian technology business to expand its services and support wider use of digital payments.

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