Active Mobile Money Accounts Statistics in Malawi (2026)
As of 2024, active mobile money accounts in Malawi was 743 per 1,000 adults, per IMF Financial Access Survey data. Up from 654 per 1,000 adults in 2023 to 743 per 1,000 adults in 2024. Malawi ranks #15 of 36 economies in Sub-Saharan Africa on this measure, and #19 of 60 globally.
Key Statistics
- Latest value (2024)
- 743 per 1,000 adults (2024)
- Active Mobile Money Accounts in Malawi as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +13.6% (2024)
- Up from 654 per 1,000 adults in 2023 to 743 per 1,000 adults in 2024.
- CAGR 2012–2024
- +48.4% per year (2024)
- Compound annual growth rate from 6.5 per 1,000 adults in 2012 to 743 per 1,000 adults in 2024.
- Earliest value in this dataset (2012)
- 6.5 per 1,000 adults (2012)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 6.5 per 1,000 adults in 2012 to 743 per 1,000 adults in 2024.
- Record high (2024)
- 743 per 1,000 adults (2024)
- The 2024 value is the highest in the available IMF Financial Access Survey series for Malawi.
- Rank in Sub-Saharan Africa
- #15 of 36 (2024)
- Malawi ranks 15 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #19 of 60 (2024)
- Malawi ranks 19 of 60 countries with data globally.
- Sub-Saharan Africa average
- 699.8 per 1,000 adults (2024)
- Malawi (743 per 1,000 adults) is above the average of 699.8 per 1,000 adults across the 36 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 982.6 per 1,000 adults (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 8-year trend (24.2%/yr) exceeds our ±15%/yr cap; not an official figure.
- Active mobile money accounts (number) (2024)
- 9.5 million (2024)
- Related indicator from IMF Financial Access Survey.
- Internet use in Malawi (2024)
- 19% (2024)
- 19% of the population in Malawi used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 21.7 million (2024)
- Malawi had a population of 21.7 million in 2024 (World Bank); shown for scale only.
Trend, 2012–2024
| Year | per 1,000 adults | Change |
|---|---|---|
| 2024 | 743 | +13.6% |
| 2023 | 654 | +10.6% |
| 2022 | 591 | +19.9% |
| 2020 | 493 | +41.1% |
| 2019 | 349 | +47.0% |
| 2018 | 238 | +58.8% |
| 2017 | 150 | +14.0% |
| 2016 | 131 | +269.3% |
| 2013 | 35.6 | +446.4% |
| 2012 | 6.5 | — |
Frequently asked questions
What is the latest figure for active mobile money accounts in Malawi?
Active mobile money accounts in Malawi stood at 743 per 1,000 adults in 2024, according to IMF Financial Access Survey data.
Where does Malawi rank globally on active mobile money accounts?
Malawi ranks 19 of 60 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
What could active mobile money accounts in Malawi look like in 2026?
A trend-based projection puts it at 982.6 per 1,000 adults in 2026. Projection applies a capped growth rate of 15%/yr — the observed 8-year trend (24.2%/yr) exceeds our ±15%/yr cap; not an official figure.
Source & methodology
Source: IMF Financial Access Survey, indicator
FA63N.PTADLT_NUM, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .