LILONGWE, Malawi – pawaPay, a financial technology company operating in at least 19 African countries, is facilitating mobile money integration through a single application programming interface (API) and centralized dashboard, the company announced.
In Malawi, where pawaPay has operated for three years, the company provides mobile money aggregation services, enabling businesses to send and receive payments via digital wallets. Arthur Muyepa, pawaPay’s Country Manager for Malawi, said the company has grown from one merchant during its 2022 pilot phase to over 170 currently. pawaPay is licensed by the Reserve Bank of Malawi.
According to pawaPay, the company processed $24 million in 2023, a figure that rose to $207 million in 2024. Muyepa noted that Malawi’s FinTech sector faces challenges including limited interoperability between banks and mobile money operators, as well as low mobile money penetration and collaboration.
pawaPay is participating in the #40Days40FinTechs initiative, which is currently focusing on Zambia and Malawi. The company also hosts FinTech Fridays industry forums to encourage dialogue and partnerships among FinTech companies.
pawaPay supports platforms like Mojaloop and follows Level One Project principles to promote an interoperable and inclusive financial ecosystem. The #40Days40FinTechs initiative, which has featured over 200 stories across East Africa, aims to highlight scalable digital finance solutions.
