PayChangu
| Company type | Private |
|---|---|
| Industry | FinTech |
| Founded | 2021 |
Key people | Morgan Tembo (CEO), Nohaata Seven (CTO) |
| Website | paychangu |
PayChangu is a Malawian fintech company that provides digital payment infrastructure for Malawian merchants and payment service providers across the country.[1] The platform enables users to accept and process payments through multiple channels, including mobile money, bank transfers, and card payments, all through a single API integration.
History
[edit]PayChangu was founded in 2021 by Morgan Tembo and Nohaata Seven,[2] is headquartered in Lilongwe, Malawi. In 2024, the company was granted a Payment Service Provider (PSP) license by the Reserve Bank of Malawi, allowing it to operate as a regulated digital payment platform. The company was established with the goal of simplifying digital transactions and expanding access to financial technology in underserved markets.[3][4]
Partnerships
[edit]In 2025, PayChangu partnered with Centenary Bank Malawi, becoming the first payment provider in Malawi to offer an instant bank transfer API for local businesses.[5][6][7] The collaboration enabled merchants, including those in the betting industry such as 888bets,[8] to integrate PayChangu's platform and leverage the instant bank transfer functionality for fast and secure transactions.
Awards and recognitions
[edit]PayChangu has been recognized as one of the most innovative fintech companies in Malawi. In 2025, the company won the ICT Firm of the Year award at the ICT Association of Malawi (ICTAM) Awards, competing in a category alongside notable organizations such as Airtel Malawi, Telekom Networks Malawi, and National Bank of Malawi.[9][10][11]
See also
[edit]References
[edit]- ^ "PayChangu paves the way for e-commerce growth in Malawi - Malawi Nyasa Times - News from Malawi about Malawi". www.nyasatimes.com. July 9, 2024.
- ^ "23-YEAR-OLD PROGRAMMER REVOLUTIONISES E-COMMERCE THROUGH PAYCHANGU". October 19, 2024.
- ^ "RBM licenses PayChangu to pilot innovative payment gateway - Malawi Nyasa Times - News from Malawi about Malawi". www.nyasatimes.com. June 13, 2024.
- ^ Msukwa, Manson (June 23, 2024). "PayChangu receives a license to pilot an innovative payment Gateway in Malawi Malawi 24 | Latest News from Malawi".
- ^ Chiputula, Eric (June 17, 2025). "PayChangu, Centenary Bank launch instant bank transfer to transform business payments in Malawi Malawi 24 | Latest News from Malawi".
- ^ "Centenary Bank, PayChangu Partner to Foster Sustainable Fast Cash Transfers - Malawi Nyasa Times - News from Malawi about Malawi". www.nyasatimes.com. June 18, 2025.
- ^ "Centenary Bank and PayChangu launch instant bank transfers to boost Malawi's digital payment landscape". June 18, 2025.
- ^ Reporter, Malawi24 (June 4, 2025). "Pay Changu partners with 888Bets for efficient payment solutions Malawi 24 | Latest News from Malawi".
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Reporter, Malawi24 (June 7, 2025). "PayChangu Crowned ICT Firm of the Year at ICTAM Awards 2025 Malawi 24 | Latest News from Malawi".
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "PayChangu Named ICT Firm of the Year at ICTAM Corporate Awards 2025 - Malawi Nyasa Times - News from Malawi about Malawi". www.nyasatimes.com. June 7, 2025.
- ^ Nzangaya, Archangel (June 13, 2025). "NBM plc promises customers more enjoyable digital banking experience Malawi 24 | Latest News from Malawi".