RegAlert

Mozambique: fintech & payments regulation — 2026-09

Regulated

Banco de Moçambique regulates fintech via LICSF; VASP registration mandatory; e-money licensed

Frozen snapshot — the guide as it stood at the end of 2026-09. See the live guide for the current state.

Mozambique’s fintech landscape is centrally supervised by the Banco de Moçambique (BM). The core framework is Law No. 20/2020 (LICSF), which governs credit institutions and financial companies. The BM has actively expanded its regulatory reach, introducing specific regimes for e-money (Notice 7/GBM/2024), non-banking agents (Notice 3/GBM/2023), and Virtual Asset Service Providers (Notice 4/GBM/2023). The regulatory direction is towards formalization, with strict AML/CFT requirements and mandatory registration for crypto activities.

Which licence do you need?

Your activityRequirementCapitalTimelineAuthority
Payment processing / gatewayLicencePayment Service Provider

Requires authorization under LICSF or specific payment regulations

——Banco de Moçambique
E-money & wallet issuanceLicenceElectronic Money Institution[1][2]

Subject to Notice 7/GBM/2024 transaction limits and Notice 6/GBM/2015 fund protection

——Banco de Moçambique
Domestic money transferLicencePayment Service Provider

Domestic transfers governed by LICSF and payment system regulations

——Banco de Moçambique
Cross-border remittanceLicencePayment Service Provider[3]

Cross-border payments subject to exchange control (Decree 56/2023)

——Banco de Moçambique
Agent networkRegistrationNon-Banking Agent[4]

Must meet investment and suitability criteria per Notice 3/GBM/2023

——Banco de Moçambique
Open banking / account informationUncertainverify with regulator

No specific open banking framework identified in documents

———
Foreign-exchange servicesLicencePayment Service Provider[3]

Partial FX trade regulated by Decree 56/2023

——Banco de Moçambique

New — what changed recently

  • 2026-02-27Notice No. 1/GBM/2026 — Established the Mozambique Instant Payment System (SPIM) and its regulation for immediate digital transfers.
  • 2024-08-05Decree No. 50/2024 — Approved the Regulation of the Law on Credit Institutions and Financial Companies, enhancing licensing and governance procedures.
  • 2024-04-01Notice No. 7/GBM/2024 — Established mandatory transactional limits and AML/CFT risk classification for e-money institutions.
  • 2023-11-21Notice No. 4/GBM/2023 — Mandated registration for Virtual Asset Service Providers (VASPs) operating in Mozambique.

Market-entry checklist

  1. 1Register as VASP if cryptoSubmit registration to Banco de Moçambique under Notice 4/GBM/2023 if dealing in virtual assets.
  2. 2Obtain EMI LicenseApply for authorization as an Electronic Money Institution under LICSF and comply with Notice 7/GBM/2024.
  3. 3Segregate Customer FundsMaintain fiduciary accounts at licensed banks for e-money funds per Notice 6/GBM/2015.
  4. 4Comply with Agent RulesEnsure non-banking agents meet investment and suitability criteria per Notice 3/GBM/2023.
  5. 5Adhere to FX LimitsFollow Decree 56/2023 for partial foreign exchange trade authorization and fee structures.

Sources

  1. Notice No. 7/GBM/2024 of 1 April – Establishes the Transactional Limits Applicable to E-Money Institutions · 2024-04-01
  2. Notice No. 06/GBM/2015, of December 31 – Measures for the Protection of Funds Received from Customers in Exchange for Electronic Money · 2015-12-31
  3. Decree No. 56/2023 of October 3 Approves the Regulation of Law No. 28/2022 of December 29 (Exchange Control Law) and Revokes Decree No. 49/2017 of September 11 · 2023-10-03
  4. Notice No. 3/GBM/2023, of August 10 – Regulation for the Exercise of Non-Banking Agent Activity · 2023-08-10