Bank cheques to be phased out by December 31, 2025
* The use of cheques in Malawi has steadily declined over the years due to increased demand for technological modes of payments * Regulatory statistics indicate that only about 2% of value and 0.04% of the volume of all retail payments are made through cheque payments * As a result of this low usage, service providers are finding it costly to maintain the infrastructure and processes relating to cheque payments By Duncan Mlanjira In aligning with global trends of…









