The Bank of Mozambique (BdM) is reviewing Law no. 2/2008, of 27 February – the National Payment System Law – with the aim of adjusting its regime to the current context of the payment system, taking into account developments and good international practice.
According to a publication on Monday 8 January on the Domingo newspaper website, the public consultation on the proposal to revise the law will run until 9 February 2024, with the aim of gathering the views of interested parties and society in general.
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The proposal presented by the BoM provides for authorisation to create and operate systems, issue instruments or provide payment services.
“The establishment or operation of any payment system must be instructed taking into account the articles of association or articles of association, the identification of the partners or shareholders and the identification of the members of the board of directors, the relevant directors or managers, including information on their professional and academic qualifications,” it adds.
