Malawi-based FinTech PayChangu has launched the country’s first instant bank-transfer API for merchants, in partnership with Centenary Bank. Announced in June 2025, this development allows merchants across various sectors, including sports betting and e-commerce, to accept real-time bank transfers through a single, seamless platform.
The new API simplifies payments by enabling instant confirmation and settlement, helping to reduce friction in merchant transactions. CEO Morgan Tembo emphasised the positive impact this will have on Malawi’s digital economy, stating: “Merchants across multiple channels now enjoy seamless, instant payment options, enhancing cash flow and customer satisfaction.”
This launch marks a significant step forward for Malawi’s FinTech landscape, which has seen rapid growth in mobile payments and digital banking adoption in recent years. PayChangu was recognised earlier this year at the ICTAM Awards as the country’s leading ICT firm, reflecting its strong innovation credentials.
The collaboration with Centenary Bank also highlights the growing trend of partnerships between FinTech firms and traditional banks in Africa, aiming to boost financial inclusion and create more efficient payment ecosystems.
With this API, PayChangu plans to scale its reach, enabling more merchants to benefit from instant payments and helping consumers transact more easily in Malawi’s evolving digital market.
This innovation is expected to play a key role in driving Malawi’s economic recovery by facilitating smoother commerce and supporting small businesses in adopting digital payment methods.
