PayChangu
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Company type | Private |
|---|---|
| Industry | FinTech |
| Founded | 2021 |
Key people | Morgan Tembo (CEO), Nohaata Seven (CTO), Joshua Mwendo (COO) |
| Website | paychangu |
PayChangu is a Malawian fintech company that provides digital payment infrastructure for Malawian merchants and payment service providers across the country.[1] The platform enables users to accept and process payments through multiple channels, including mobile money, bank transfers, and card payments, all through a single API integration.
PayChangu was founded in 2021 by Morgan Tembo and Nohaata Seven,[2] is headquartered in Lilongwe, Malawi. In 2024, the company was granted a Payment Service Provider (PSP) license by the Reserve Bank of Malawi, allowing it to operate as a regulated digital payment platform. The company was established with the goal of simplifying digital transactions and expanding access to financial technology in underserved markets.[3][4]
Partnerships
In 2025, PayChangu partnered with Centenary Bank Malawi, becoming the first payment provider in Malawi to offer an instant bank transfer API for local businesses.[5][6][7] The collaboration enabled merchants, including those in the betting industry such as 888bets,[8] to integrate PayChangu's platform and leverage the instant bank transfer functionality for fast and secure transactions.[9][10]