This report is the result of a study undertaken in late 2013 on Malawi’s legal and regulatory framework for mobile money. The study was commissioned by the Mobile Money for the Poor program and conducted in consultation with the Reserve Bank of Malawi (RBM). The study had three outputs which are the focus of this report:

(i) to provide a market update on mobile money in Malawi, focusing on the status of mobile money programs and the regulatory environment for mobile money;

(ii) to identify the main regulatory challenges for mobile money to develop safely in Malawi; and

(iii) to provide preliminary recommendations for RBM for dealing with those challenges.