About
Natswitch is Malawi's shared national payment switch, run by National Switch Limited. The company's shares were subscribed in equal parts by the member banks of the Bankers Association of Malawi; it is overseen by the Reserve Bank of Malawi and was financed largely by a World Bank loan. It was commissioned in 2015 and links member banks' ATMs, POS terminals and mobile and internet banking, so a card or account from one bank works on another bank's devices. Since 1 December 2022 it has also processed instant interbank transfers that customers start in their bank's mobile or internet banking. It is a separate company from Malswitch, an older switch spun out of the central bank in 2006.
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