Regulatory Alerts2022-08-25
Directive No. 09/DSP/2022 – Payment System: Acceptance Contract for Automatic Payment Terminals (TPA) – Natural Persons
The Payment System Department of the Central Bank of Angola issued Directive No. 09/DSP/2022 to standardize the acceptance contracts for Automatic Payment Terminals (TPA) with natural persons. It mandates Banking Financial Institutions to verify merchants' active Tax Identification Numbers (NIF) and Economic Activity Codes via the General Tax Authority's Webservice, suspending contracts when data is unavailable or invalid. Furthermore, Institutions must update existing merchant NIFs within 90 days of publication and submit quarterly XML reports to the AGT portal, with non-compliance subject to penalties under Angola's payment and financial institution laws.
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