Regulatory Alerts2022-10-24
Notice No. 19/2022, October 12 - Payment System Regulatory Sandbox
The Banco Nacional de Angola issued Notice No. 19/2022 to formally approve and establish the Regulatory Sandbox framework for Angola's Payment System Innovation Laboratory. The regulation mandates that fintech companies, financial institutions, and other eligible entities submit detailed project proposals demonstrating technological innovation, consumer benefits, and readiness for real-world testing under strict eligibility and security criteria. It outlines a structured operational cycle of up to twelve months, complete with application procedures, approval and revocation mechanisms, testing parameters, and mandatory exit strategies to ensure financial stability and foster sustainable financial inclusion.
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