Regulatory Alerts2017-11-07
Notice No. 07/2017 of November 7, 2017: Payment Systems of Angola - Provision of Payment Services
The Bank of Angola issued Notice No. 07/2017 to regulate the provision of electronic payment services and the operation of payment subsystems within Angola's financial system. The regulation establishes strict requirements for electronic money institutions regarding fiduciary accounts, capital concentration limits, and the segregation of client funds to ensure financial stability. It further defines operational responsibilities, outsourcing rules, and reporting obligations for payment service providers and subsystem operators to maintain transparency and security.
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