Regulatory Alerts2011-10-13
Added · Updated
Notice No. 09/2011 of 13 October on the Regulation of Bank Payment Cards
The Banco Nacional de Angola regulates the issuance, acceptance, and use of bank payment cards, reserving these activities exclusively for banking financial institutions. The notice establishes definitions for card types, mandates written contracts with specific consumer protection clauses, and requires the certification of the Multicaixa network for international payment systems. It imposes obligations on issuers and acquirers regarding fraud reporting, contract transparency, and the handling of disputes and liabilities.