East Africa: Malawi's Cheques to Be Axed for Good As Reserve Bank Announces Final Deadline - March 2027

East Africa: Malawi's Cheques to Be Axed for Good As Reserve Bank Announces Final Deadline - March 2027

Reserve Bank of Malawin has officially confirmed the death of the cheque, announcing that the payment instrument will be scrapped for good on 11 March 2027 -- marking a dramatic shift towards electronic and digital payment methods across the country.

Malawi moves away from cheques as banks embrace digital payments

By Rahim Abdul Malawians are entering a new era of banking as the country phases out cheque payments, with banks now turning customers towards electronic alternatives such as mobile banking, internet banking and electronic funds transfers. The Reserve Bank of Malawi (RBM), in collaboration with the Bankers Association of Malawi (BAM), has recently announced the […]

Malawi to Phase Out Cheques as Banks Move to Digital Payments

Malawi is set to phase out cheques as a payment instrument following the publication of the Bills of Exchange (Amendment) […]

Malawi’s cheques to be axed for good as Reserve Bank announces final deadline: March 2027

Reserve Bank of Malawin has officially confirmed the death of the cheque, announcing that the payment instrument will be scrapped for good on 11 March 2027 —... Read the latest breaking news on Nyasa Times.

Malawi to phase out cheques

This article was originally published on Malawi24">Malawi24, Malawi's #1 independent news platform. People who use cheques for their transactions will have to get used to alternative payment methods as Malawi moves to phase out cheque payments. The Reserve Bank of Malawi (RBM) and Bankers Association of Malawi (BAM) have announced plans to phase out cheques as a payment method. This follows the publication of the Bills of […] Read the full artic…