The Reserve Bank of Malawi (RBM) says it is positioning itself to adapt to a fast-changing financial landscape, where Fintech is a central force influencing how money flows, access to credit and policy transition.
This follows Malawi’s participation in a regional fintech training hosted by the Common Market for Eastern and Southern Africa (Comesa) Monetary Institute (CMI) earlier this month, which brought together central bank staff from 12 countries.
RBM spokesperson Boston Maliketi Banda confirmed in a written response that the central bank is adjusting its monetary policy implementation and regulatory oversight to match the pace of digital innovation.
“We are developing a comprehensive Fintech regulatory framework to ensure consumer protection, data privacy, and risk mitigation while encouraging responsible innovation,” the bank said.
