MobiPay is using Malipo to propel the Digital Economy. #40Days40FinTechs Zambia and Malawi edition, Day 21

MobiPay Limited, a Malawian innovation company is using technology to develop and roll-out solutions aimed at ending financial exclusion.

Among its financial inclusion solutions is Malipo – a payment gateway that simplifies transactions, enhance efficiency, and empowers business to do more and grow seamlessly across Malawi.

 “Our flagship FinTech Product is called Malipo; a payment gateway that enables businesses collect and make payments. Malipo supports bank transactions, cards, and mobile money. Malipo provides secure and hassle-free payment processing solutions tailored for all businesses across Malawi. It is accessible as an APP downloadable on both Google Play and APP store,” Alex Piringu, an ICT Manager at MobiPay Limited said.

He added: “We also have a crowdfunding platform where people can donate money for different causes. Again, through Malipo, the money will be collected and channeled to the cause that someone has created a campaign for. In brief, we provide a gateway for people to transact using any payment method wherever they are.”

Piringu noted that limited product awareness, financial literacy, low capital and rigid licensing regimes are some of the main challenges they face on the market.

MobiPay featured on Day 21 of the 40 Days 40 FinTechs initiative; Zambia and Malawi edition. The roll-out of the 40 Days 40 FinTechs initiative in Zambia and Malawi followed its success in East Africa. Over the past 5 years, the 40 Days 40 FinTechs initiative has featured over 200 FinTech stories from Uganda, Tanzania, Kenya, and Rwanda. This initiative has also engaged hundreds of end-users and shared their stories with millions worldwide.

The primary objective of this initiative is to support and showcase innovative FinTech giants and start-ups from across Africa, with a focus on promoting financial inclusion and economic growth, in addition to giving start-ups access to the resources they need to develop new and innovative financial solutions that can benefit underserved populations. Such resources include but are not limited to Level One Project guidelines, Mojaloop Open Source Software and Inclusive Finance systems, etc.