These guidelines provide a framework for licensing, monitoring, and supervising of MTAs to safeguard the interests and welfare of senders and recipients of monetary instruments. This regulation ensures that money remittance service providers posses technologies to facilitate timely, accessible, cost effective, reliable and transparent mechanisms for transfer of funds to and from Malawi.
These provisions encourage and facilitate use of formal means of remitting funds to and from Malawi. MTAs regulated in these guidelines include all business entities whose activities are only to receive and send monetary instruments for immediate delivery.