PayChangu won two top honors at the Standard Bank and SMEDI Phuka SME Awards on October 22, 2025, claiming the Best SME of the Year and Technology and Innovation SME of the Year awards. The fintech firm also received the ICT Firm of the Year earlier in 2025 from the ICT Association of Malawi.
The company operates a payment platform that processes mobile money, bank cards, and international transactions. Standard Bank CEO Phillip Madinga said Malawi could generate nearly $2 billion annually if each small business exported $100 in goods using services like PayChangu.
Joshua Mwendo, Chief Operations Officer, credited staff efforts for building tools that expand market access for Malawian enterprises. The ceremony also recognized Adventures with Colby, Milanzi Interiors, and Thanthwe Enterprises in tourism, furniture, and manufacturing categories.
The company operates a payment platform that processes mobile money, bank cards, and international transactions. Standard Bank CEO Phillip Madinga said Malawi could generate nearly $2 billion annually if each small business exported $100 in goods using services like PayChangu.
Joshua Mwendo, Chief Operations Officer, credited staff efforts for building tools that expand market access for Malawian enterprises. The ceremony also recognized Adventures with Colby, Milanzi Interiors, and Thanthwe Enterprises in tourism, furniture, and manufacturing categories.
