In its third-quarter National Payment Systems report, the Reserve Bank of Malawi (RBM) figures show that subscriber base for non-bank mobile money services grew marginally in the third quarter of 2019 by 1.3% to a total of 7.1 million subscribers.

Though commending the progress, RBM has called on stakeholders to work on more collaborative efforts to ensure the remaining 50.8% of mobile money subscribers become active users of the service.

Prior to the report, figures from the Reserve Bank of Malawi (RBM) Second Quarter National Payment Systems Report, show an increase in both volume and value of retail DFS transactions. The report shows that total volume upped by 14.5% to 72.3 million whereas the corresponding value increased by 39 percent to K1 billion. However, a comparison to the similar period in 2018 shows more pronounced movement as the volume and value increased by 46.1% and 125.3%, respectively.