Regulatory Alerts2022-09-02
Notice No. 15/2022 of September 2 – Establishes Rules Applicable to Non-Bank Acquirers and Subacquirers
The Banco Nacional de Angola issues Notice No. 15/2022 to establish comprehensive operational, risk management, and supervisory rules for Non-Bank Acquirers and Subacquirers operating within Angola's payment system. The regulation mandates participation in the Multicaixa Payment Arrangement, requires robust due diligence and risk controls for card acceptance contracts, and defines specific permitted activities, interbank clearing obligations, and cash supply mechanisms for both Automatic Payment Terminals (APT) and Automated Teller Machines (ATM). Furthermore, it imposes transitional compliance deadlines for infrastructure adaptation, establishes clear liability and dispute resolution frameworks between acquirers, subacquirers, and merchants, and grants the central bank authority to resolve interpretative doubts and enforce sanctions for non-compliance.