MM4P Briefing Note Malawi


Malawi is a country with more than 84 percent of the population living in rural areas. Although the country is small, the abundance of remote areas and ethnic and linguistic diversity make it a challenging environment for financial inclusion. While only 19 percent of adults have bank accounts, more than 34 percent of the population have mobile phones. This comparison makes a strong case for using mobile financial services to overcome the low level of financial inclusion.