PanAfrican Visions | Malawi takes key step to advance digital payments and drive inclusive growth

May 4, 2015

Women’s World Banking, with support from UNCDF, worked with NBS Bank in Malawi to research, understand and design financial products to increase access to financial services to low-income communities, particularly women, in rural areas.

Today, Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance  and Mobile Money for the Poor initiatives brought together digital payments players to accelerate the progress of digital finance in Malawi. The convening also marks the release of an in-depth analysis of the country’s readiness to transition from a nearly cash-only economy to one where digital payments are widely available through an ecosystem approach.

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