Regulatory Alerts2025-01-01
Mandatory Use of the Montran Gateway on the Zambia Interbank Payment and Settlement System
The Bank of Zambia mandates that all commercial banks utilize the Montran Gateway for transmitting payment messages to the Zambia Interbank Payment and Settlement System (ZIPSS) starting February 8, 2025. This requirement establishes a secure secondary messaging channel alongside SWIFT to enhance operational resilience and support extended operating hours. Failure to process transactions through the gateway will trigger regulatory action, confirming participant readiness for live environment operations.
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