Malawi: Levies Spark Fears of Reversing Mobile Money Gains

Malawi: Levies Spark Fears of Reversing Mobile Money Gains

A new 0.05% levy on mobile money and electronic transfers has alarmed industry players, who warn it could push Malawians back to cash and weaken years of progress in financial inclusion.

Malawi's Levies Spark Concerns Over Business Inclusion and Economic Impact

Key Business Points New 0.05 percent digital transaction levy could erode financial inclusion gains and push users back to cash Mobile money platforms risk losing users, reversing Malawi’s progress toward […] The post Malawi’s Levies Spark Concerns Over Business Inclusion and Economic Impact appeared first on Business Malawi.

Levies spark fears of reversing mobile money gains - Malawi Nyasa Times - News from Malawi about Malawi

A new 0.05% levy on mobile money and electronic transfers has alarmed industry players, who warn it could push Malawians back to cash and weaken years of progress in financial inclusion.   The Association for Digital Financial Services (ADFS) Malawi says the tax will hit hardest on low-income and rural users who depend on platforms […] The post Levies spark fears of reversing mobile money gains appeared first on Malawi Nyasa Times - News from Ma…