Regulatory Alerts2025-05-28
Angola Payment System: Participation in SADC Real-Time Gross Settlement (RTGS) and Immediate Basis Low Value Credit Transactions (TCIB) Systems
The National Bank of Angola issued Notice No. 03/2025 to establish the general requirements and procedures for Financial Institutions under its supervision to participate in the Southern African Development Community Real-Time Gross Settlement (SADC-RTGS) System and the Immediate Basis Low Value Credit Transactions (TCIB) System. Financial Institutions must express their intention to the BNA, submit authorization to the SADC Banking Association, inform the BNA of application acceptance and progress, and comply with operational procedures and technical requirements outlined in the SADC Banking Association Beige Book. Non-compliance with these provisions constitutes an offense punishable under the Angola Payment System Law and the General Regime Law for Financial Institutions, with the BNA resolving any doubts or omissions.