Regulatory Alerts2025-01-03
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Bank of Zambia Circular 01/2025: 2025 Payment Systems Returns Submission Calendar
The Bank of Zambia has issued Circular 01/2025 establishing the mandatory submission calendar for Payment Systems Returns for the 2025 financial year. The directive specifies strict deadlines for daily, monthly, and quarterly returns, alongside specific due dates for mobile money rewards, ZIPSS audit certificates, SWIFT compliance attestations, and audited financial statements. All reports must be filed through the Digital Financial Services portal by their respective deadlines, with a daily penalty of K500 imposed for late or non-compliant submissions until the breach is rectified.
Bank of Zambia
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DG/psd/bp
January 3, 2025
PSB Circular No. : 01/2025
To : All Heads of Commercial Banks and Designated Payment Systems Entities
CALENDAR FOR SUBMISSION OF PAYMENT SYSTEMS RETURNS FOR THE YEAR 2025
Kindly be informed that the due dates for submission of Payment Systems Returns for the 2025 financial year are as follows:
1. DAILY RETURNS
Daily returns should be submitted by the close of the next business day.
2. MONTHLY RETURNS
| Month | DUE DATE |
|---|---|
| January | February 10, 2025 |
| February | March 10, 2025 |
| March | April 8, 2025 |
| April | May 9, 2025 |
| May | June 9, 2025 |
| June | July 10, 2025 |
| July | August 11, 2025 |
| August | September 8, 2025 |
| September | October 8, 2025 |
| October | November 10, 2025 |
| November | December 8, 2025 |
| December | January 9, 2026 |
3. QUARTERLY RETURNS
| Quarter | DUE DATE |
|---|---|
| 1st Quarter | April 8, 2025 |
| 2nd Quarter | July 10, 2025 |
| 3rd Quarter | October 8, 2025 |
| 4th Quarter | January 9, 2026 |
...2/-
PSB Circular No. 01/2025 - 2 - January 3, 2025
3.1. RETURN ON MOBILE MONEY REWARDS
| QUARTER | DUE DATE |
|---|---|
| 1st Quarter | April 22, 2025 |
| 2nd Quarter | July 22, 2025 |
| 3rd Quarter | October 20, 2025 |
| 4th Quarter | January 21, 2026 |
4. ANNUAL ATTESTATIONS FOR PAYMENT SERVICE PROVIDERS
The Payment Service Provider annual attestation form – vital statistics and other information should be submitted by January 31, 2025.
5. ANNUAL ATTESTATION FOR ZIPSS
The Annual Audit Certificates for ZIPSS annual attestation should be submitted by March 31, 2025, for the preceding year (2024).
6. ANNUAL ATTESTATION FOR SWIFT CUSTOMER SECURITY PROGRAMME
Evidence of compliance with the SWIFT Customer Security Programme annual attestation requirement should be submitted by January 17, 2025.
7. AUDITED ANNUAL FINANCIAL STATEMENTS
The Annual Audited Financial Statements should be submitted within three calendar months after the end of the financial year of each respective institution.
8. COMPLIANCE TO THIS CIRCULAR
All the returns should be submitted in a prescribed format by the set dates as failure to comply may attract penalties. A penalty of K500 (Kwacha Five Hundred only) will be charged per return per day for any delayed submission or incorrect return until the breach is corrected. All submissions of payment system returns should be made through the Digital Financial Services (DFS) portal by end of business on the due date. Further, you may contact the Payment Systems Department through psdreturns@boz.zm or DFSData@boz.zm for any queries or guidance pertaining to returns.
Francis Chipimo (PhD)
DEPUTY GOVERNOR
cc Governor
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm
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