(Ecofin Agency) - Angola plans to launch mobile payment system in 2019. This service will reinforce the electronic payment services already offered to the population.

According to Pedro de Castro e Silva, administrator of the national bank of Angola, next year, the financial institution will submit a new legislation on payment systems, mobile payments in particular, to the approval of the parliament.

"We are one of the best-positioned countries in SADC. We have always been concerned about financial inclusion, just as it is with other countries, we think it is now with the use of mobile phones that we can promote financial inclusion", Pedro de Castro e Silva declared Speaking on the subject during the 8th meeting of payment systems of central banks of the Community of Portuguese Language Countries (CPLP), held on November 28-29, 2018 in Luanda under the aegis of Angolan Central Bank. 

The Central bank started collaborating with World Bank to introduce a legislation authorising mobile payments in the country in March 2018, Pedro de Castro e Silva revealed. He explained that the Bretton Woods institution was committed to the success of this ambition so that the country could launch mobile money payment systems like many African countries.