Regulatory Alerts2021-01-01
Circular NPS/02/2021 Issuance of the Cybersecurity Framework April 2021
The Reserve Bank of Zimbabwe has issued Circular NPS/02/2021, establishing an immediate Cyber Security Framework for payment services providers and participant banks under the National Payment Systems Act. The mandate requires financial institutions to implement robust cybersecurity measures to mitigate cross-jurisdictional digital threats and maintain systemic stability. The framework will undergo continuous review to incorporate market developments and stakeholder feedback, ensuring the long-term efficacy of Zimbabwe’s digital financial services.
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