Regulatory Alerts2025-01-01
Circular 08/2025: Requirement to Provide Real-Time Read-Only Access
The Bank of Zambia mandates all electronic money institutions, commercial banks, and deposit-taking non-bank financial institutions to grant the regulator real-time read-only access to their electronic money platforms and associated holding or pool accounts. This requirement, established under Section 19(12) of the National Payment System Directives on Electronic Money Issuance, must be fully implemented by August 15, 2025. Non-compliance with this directive will subject regulated entities to financial penalties and additional supervisory sanctions under the National Payment System Act.
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