Malawi

Electronic wallet

Service specification

Type	Description
Cash-out Method	Direct credit to Electronic wallet in Malawian Kwacha (MWK). Supported beneficiary account type - individual only Supported sender type - individual only
Transaction Turnaround Time	Real-time: 24x7 (within 15 minutes)
Area availability	Malawi nationwide
Validation / Verification	Validation with the registered mobile number.
Amount received	Beneficiary received net amount as specified by Sender.
Transaction Limit	Airtel Malawi (EWMWAT) Maximum per Transaction MWK 1,000,000.00 Minimum per Transaction MWK 50.00 TNM Malawi (EWMWTNM) Maximum per Transaction MWK 750,000.00 Minimum per Transaction MWK 50.00 Compliance accumulated limit MWK 1,000,000.00 per day per Beneficiary Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum Beneficiary	No restriction
Service Charge	Transaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation Process	Cancellation is on best effort basis.
Remarks	· Beneficial Account Number (bAccNum) is a beneficiary mobile number and must include the country code (eg : 265123456789). · Sender and Beneficiary Phone Number is mandatory (with country code).
Do_Transfer bAccType Value	2