The National Bank of Angola (BNA) is seeking a partner for the implementation of a System of Mobile Transfers and Instant Messaging (STMI). The winning bidder will be announced by next September.
The partner is required to have expertise in the management and operation of compensation and switching systems for mobile and instant payments. BNA wants the interoperable e-payment system to be flexible and open, to guarantee access and the emergence of various participants including banks, mobile operators, non-bank financial institutions, fintech, which offer innovative services and meet the needs of end consumers. This technical infrastructure, which should be accessible to the entire population, should promote competition, efficiency, and security in the financial market and reduce the cost of services and products. An initiative to further improve financial inclusion in the country.
In December 2019, during the 9th edition of the Forum on Challenges of the Digital Governance era, in Luanda, the Angolan minister of finance, Vera Daves, regretted the weak rate of financial inclusion in the country, compared to the average in the Southern African Development Community (SADC). She also noted that the traditional banking solutions (cheques, payment cards, credit transfers, and direct debits) do not foster financial inclusion to expected levels in a country where the bancarization rate is below 30%. Vera Daves called on the government to review the regulatory framework for the development of mobile solutions.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight between Doha and Nairobi. • Part of wider Qatari...
• The third Africa-Spain summit aims to strengthen trade relationships, with bilateral trade totaling approximately $35 billion in the first half of...
• World cereal production estimated to hit 2.925 billion tons in 2025/2026, marking a 2.3% increase from the previous cycle, according to the Food and...
• IMF identifies three strategic priorities to help Nigeria realize its potential as a significant economic power • Recommendations focus on achieving...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...