The Reserve Bank of Malawi (RBM) says the national payments system recorded mixed fortunes in second half of 2023 with the total volume of transactions slightly dropping while the value surged to K71.9 billion. In its Financial Stability Report, the RBM says that there was a considerable increase in industry’s use of electronic funds transfers
Mobile money development deprive rural Malawi - The Nation Online mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.
For three days, small and medium enterprises (SMEs) have lamented loss of business following the collapse of the Electricity Supply Corporation of Malawi (Escom) pre-paid vending system. On Sunday, Escom issued a statement indicating that to rectify the fault, the sole power supplier needed 48 hours from 6.47am that day, and this means the system