Regulatory Alerts2021-10-29
Circular No. 07/EMO/2021, of October 29 - Submission of Information on Statistics of Payment Means and Instruments
The Bank of Mozambique's Monetary Stability Department issues Circular No. 07/EMO/2021 to mandate credit and electronic money institutions to submit detailed, district-level statistical data on payment means and instruments through twenty standardized reporting forms. The directive requires granular disclosure of ATM and POS transactions, mobile and internet banking activities, intra-bank transfers, SWIFT flows, electronic money operations, and service outages, alongside specific fraud tracking for cheques, cards, and digital channels. The circular repeals its August 2020 predecessor, takes immediate effect, and grants a 90-day compliance window for fraud-related reporting forms.
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