The Company Malawi Switch Centre Limited (MALSWITCH) was incorporated in 2006 as an implementing agent for the payment systems modernisation initiatives National Payment System Modernization programme as articulated in the National Payment System Vision and Strategy. The programme is co-ordinated through the National Payments Council (NPC), comprising the Reserve Bank of Malawi, registered commercial banks as well as infrastructure providers namely Electricity Supply Corporation of Malawi Limited (ESCOM), Malawi Telecommunications Limited (MTL) and Zain who are co-opted into the NPC on specific focus initiatives.

Our operations have grown from smartcards to include software development, hosting of Malawi Interbank Transfer and Settlement System (MITASS), Networks and recently Electronic Cheque Clearing House operations.

Our core business is to create, provide and maintain a secure infrastructure of electronic payment solutions in Malawi. We offer our clients (banks, retailers/merchants, businesses and the general public) the security of electronic funds transfer, and final customers the ease and user-friendliness of electronic transactions. Our operations are currently divided in two key Strategic Business Units (SBU), namely:

Electronic Funds Transfer (EFT) Switch/Smartcard
Technical Services

Since 1st January 2006 MALSWITCH has been operating as a private company, independent of RBM. Until 1st December 2007, RBM has 99% shareholdings with the Malawi Government holding the 1%. The new shareholding structure comprise 94% MALSWITCH Trust, 5% RBM and 1% the Malawi Government.

Our Vision and Mission

Our Vision is: To be the premier provider of infrastructure for payment systems in Malawi
Our Mission is:To provide an effective, secure and reliable interoperable electronic payments systems infrastructure and facilitate settlement mechanisms