Natswitch
- Geographic Reach
Malawi
- Gender disaggregated data
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2018
- IPS
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Industry led
- Ownership Model
Participant-owned
- System Owner
All participants have equal shareholding
- Overseer
Reserve Bank of Malawi (central bank)
- System Governance
National Switch Limited (Natswitch)
- Operator
National Switch Limited (Natswitch)
- Settlement Agent
Reserve Bank of Malawi (central bank)
- Number of Unique IPS End Users
-
- Total Number Of Participants
14
- Number Of Direct Participants: Commercial Banks
8
- Number Of Direct Participants: E-money Issuers
-
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
Microfinance Institutions (2), Mobile money operators (2), Fintechs (1) and Aggregator for Microfinance Institutions and Saccos (1)
- Number Of Indirect Participants
6
- Supported Use Cases
P2P
- Supported Instruments
Credit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), App, NFC, POS, ATM
- QR Code Enabled Type
-
- Messaging Standard
ISO 8583
- Proxy ID
Bank account number , Mobile phone number
- Other Proxy ID Type
-
- Business Model
Not-for-loss
- Pricing Structure
Fixed and tiered
- Scheme Rules Public
Yes
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
Malawi Government through a loan from the World Bank Group - $2.4M
- Participation in Decision Making
No
- Mechanism for Decision Making
-
- Ability to become Direct Participants
No
- Entities that cannot Participate
-
- Min Value for Transactions
No min. value
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request to Pay Enabled
No
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
No
- Transaction Validation Enabled
No
- Inclusivity Ranking
Not ranked
