Regulatory Alerts2021-12-08
Payment System Instruction No. 24/2021 on Value Limits for Payment Operations
The Bank of Angola issued Instruction No. 24/2021 to update and standardize the maximum value limits for various payment instruments, clearing systems, and electronic money operations. The directive establishes specific daily caps for check issuance, Multicaixa card transactions, ATM/POS withdrawals, credit transfers, and direct debits, while setting corresponding service fee ceilings for the Multicaixa network. Exemptions are granted to government ministries and social security institutions, with non-compliance subject to penalties under existing financial laws.
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