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2014-12-18

Circular No. 04/EPC/2014, December 18 – Information Disclosure Form for Electronic Payment Products and Services

The Bank of Mozambique issued Circular No. 04/EPC/2014 to standardize and objectify information disclosure regarding electronic payment products and services offered by credit institutions, financial companies, and service providers. The Circular mandates these entities to submit a standardized pre-notification form detailing product specifications, target users, distribution channels, fees, risk management processes, and contact information before making services publicly available. It entered into force upon the publication of Notice No. 02/GBM/2014 on December 4, 2014, and directs interpretive queries to the Bank's Payment Systems Department.

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Bank of Mozambique Administration

DEPARTMENT OF ISSUANCE, PAYMENTS AND ACCOUNTING CIRCULAR NO. 04/EPC/2014

Maputo, December 18, 2014

SUBJECT: Information Disclosure Form Regarding the Provision of Electronic Payment Products and Services

In order to ensure standardized and objective information disclosure regarding the provision of electronic payment products and services by Credit Institutions, Financial Companies, and service providers, pursuant to paragraph 3 of Article 5 of the Regulation on procedures for the provision of electronic payment products and services approved by Notice No. 02/GBM/2014, of December 4, the Bank of Mozambique determines the following:

  1. Credit institutions, financial companies, and electronic payment service providers must notify the Bank of Mozambique in advance of making electronic payment products and services available to the public, using the form attached to this Circular, which forms an integral part thereof.

  2. This Circular enters into force on the date of publication of Notice No. 02/GBM/2014, of December 4.

Any doubts arising from the interpretation and application of this Circular shall be submitted to the Payment Systems Department of the Bank of Mozambique.

BANK OF MOZAMBIQUE Department of Issuance, Payments and Accounting Esselina Macome Administrator

w w w . b a n c o m o c . m z PROMOTING FINANCIAL INCLUSION AND THE VALUE OF METICAL PROMOTING FINANCIAL INCLUSION AND THE VALUE OF METICAL

Information Disclosure Form Regarding the Provision of Electronic Payment Products and Services

(to be completed in uppercase)

Type of InformationNew [ ] Amendment [ ] (X in the corresponding box)

I - Identification of the credit institution, financial company or electronic payment service provider

  • Name:
  • Code:

II - Specification of the electronic payment product or service

  1. Name:
  2. Characteristics:
  3. Target users of the electronic payment product and service:
  4. Distribution channel:
  5. Fees and other associated charges:
  6. Risk management processes, including internal control mechanisms and compliance with applicable standards, notably the Risk Management Guidelines (DGR) approved by the Bank of Mozambique:

III - Expected date for making the electronic payment product or service available to the public:

IV - Contact persons at the credit institution, financial company or electronic payment service provider

  • Name:

  • Role:

  • Telephone:

  • Electronic address (Email):

  • Name:

  • Role:

  • Telephone:

  • Electronic address (Email):

V - Authorized signatures of credit institutions, financial companies or electronic payment service providers

  • Name:

  • Role:

  • Telephone:

  • Electronic address (Email):

  • Date:

  • Name:

  • Role:

  • Telephone:

  • Electronic address (Email):

  • Date:

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