Directive No. 08, of August 4, 2025

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THE GOVERNOR
DIRECTIVE NO. 08/2025
ORIGIN: PAYMENT SYSTEMS DEPARTMENT (PSD)
DATE
04/08/2025
SUBJECT: PAYMENT SYSTEMS
− Value-Based Criteria for Mandatory Adherence and Participation in the KWiK Payment Arrangement

Whereas it is necessary to define value-based criteria, for the purposes of adherence and mandatory participation by Financial Institutions in the KWiK Payment Arrangement; Pursuant to the combined provisions of point 14.3 of Instruction No. 15/23, dated November 21, together with Article 21 and paragraph 2 of Article 98, both of Law No. 24/21, dated October 18, the National Bank of Angola Law; This Directive serves to establish the following:

1. Adherence and mandatory participation in the KWiK payment arrangement must comply with one of the following value-based criteria:
   1.1 Monthly Average Value of Stored Electronic Money – Kz 1,000.00 (One billion Kwanzas);
   1.2 Monthly Average Transaction Value – Kz 10,000.00 (Ten billion Kwanzas);
   1.3 Number of Active Customer Accounts – 1,000,000 (One million accounts).

2. Any doubts and omissions arising from the interpretation and application of this Directive shall be resolved by the National Bank of Angola.

DIRECTIVE NO. 08/2025 Page 2 of 2
3. This Directive enters into force on the date of its publication.

Luanda, August 4, 2025.
PAYMENT SYSTEMS DEPARTMENT

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Cristina Vihemba Manuel Alfredo Chingango Caniço -Director-