Regulatory Alerts2025-08-22
Added · Updated
Notice No. 04/2025 of August 22, 2025: Payment System - Opening, Movement, and Closure of E-Money Accounts
The Bank of Angola issued Notice No. 04/2025 to establish comprehensive rules for the opening, operation, and closure of e-money accounts by payment service providers to enhance financial inclusion. The regulation defines four account types based on identity verification levels, mandates simplified due diligence for low-risk Type I accounts, and prohibits fees for account maintenance. It further outlines strict procedures for remote account opening, transaction limits, anti-money laundering compliance, and the conditions under which accounts may be blocked or closed.