🇲🇿Mozambique
Payment trends and fintech news from Mozambique
Mozambique Parliament Approves New National Payments System Law
Mozambique's parliament has unanimously passed a National Payments System law to regulate digital payments. The central bank is delaying new access to the system to strengthen supervisory frameworks as the law is implemented.
Bank of Mozambique Launches Instant Payment System METIX
The Bank of Mozambique has launched METIX, a 24-hour instant payment system managed by the central bank to modernize domestic transactions. This development reflects a broader trend across Africa where authorities are building public payment infrastructure while also pursuing regional fintech cooperation and regulating emerging digital assets.
Chikwama Pay launches WhatsApp-based banking across Southern Africa
Chikwama Pay has launched a borderless neobank operating via WhatsApp across the Southern African Development Community. The service, enabled by a partnership with Paymentology, allows users to open accounts and make payments, entering a market shaped by recent regional payments agreements and growing platform-based finance.