Regulatory Alerts2015-07-10
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Bank of Zambia Circular 9/2015 on Electronic Money Issuance Directives
The Bank of Zambia issued Circular No. 9/2015 to mandate immediate compliance with its National Payment Systems Directives on Electronic Money Issuance. All commercial banks and non-bank e-money issuers must adhere to these directives, which derive from Section 43 of the National Payment Systems Act No. 1 of 2007 and were published in Government Gazette No. 6404. This circular reinforces regulatory oversight by establishing clear operational standards for electronic money issuance across Zambia.
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