Zambia–Malawi Cross-Border Payment Link

The Common Market for Eastern and Southern Africa launched its first interoperable cross-border payment system connecting Zambia and Malawi. The Digital Retail Payments Platform allows instant, low-cost transactions in local currencies, reducing reliance on foreign exchange. Supervised by the central banks of both countries, the system links banks, fintechs, and mobile-money providers. COMESA leaders said the platform will enhance regional trade, financial inclusion, and digital integration across member states.