Regulatory Alerts2021-04-27
Circular Letter No. 02/DSP/2021
The National Bank of Angola, through its Payments System Department, requires Banking Financial Institutions to comply with specific instructions for processing transactions in National Institute of Social Security (INSS)-held accounts within the national banking system. This mandate operationalizes INSS's indirect participation in Angola's Payments System (SPTR) by decentralizing pension disbursements and streamlining social contribution collections. Financial institutions must direct account movements to the coordinates designated by INSS at BNA, while any interpretative doubts regarding this Circular Letter must be directed to the Payments System Department via electronic mail.
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