Regulatory Alerts2022-01-01
Launch of the Digital Financial Services Campaign – Go Cashless
The Bank of Zambia has launched the 'Go Cashless' campaign to promote Digital Financial Services and associated safety tips across commercial banks, non-bank financial institutions, and payment service providers. This initiative aligns with the regulator’s 2020–2023 Strategic Plan by advancing financial inclusion and stability through increased public awareness of DFS benefits. Stakeholders are required to actively adopt the campaign theme and disseminate safety guidelines to accelerate cashless transactions nationwide.
[Logo: BANK of ZAMBIA]
BANK of ZAMBIA OFFICE OF THE GOVERNOR
BOZ/EXEC/GOV/psd/ns
October 3, 2022
CB Circular No. : 12/2022
To : All Heads of Commercial Banks, Non-Bank Financial Institutions and Payment Service Providers
LAUNCH OF THE DIGITAL FINANCIAL SERVICES CAMPAIGN – ‘GO CASHLESS’
Reference is made to the above subject.
The Bank of Zambia will conduct awareness campaigns to promote Digital Financial Services (DFS) and the associated safeguards/safety tips. This is in line with Bank of Zambia Strategic Plan for the period 2020 to 2023, which has two focus areas, namely, Financial Inclusion and Financial Stability. The campaigns will be conducted under the theme ‘Go Cashless’. As key stakeholders, we request you to join the Bank by adopting the ‘Go Cashless’ theme and increasing awareness of the safety tips and benefits of DFS.
Your usual support will be greatly appreciated.
Yours sincerely,
[Signature]
Denny H. Kalyalya (Dr.) GOVERNOR
cc: Deputy Governor – Operations Deputy Governor – Administration Director – Payment Systems Director – Bank Supervision Director – Non-Bank Financial Institutions Supervision
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399301, 399300, E-mail: governor@boz.zm. Web: http://www.boz.zm