The Bank of Mozambique issued two regulatory notices. One makes connection to the National Single Network a condition for credit institutions and financial companies to start offering electronic payment products and services, including mobile financial services, and replaces the 2015 framework. The other introduces investor qualification rules for the securities market, requiring financial intermediaries to classify clients as professional or non-professional investors and to maintain written categorisation policies and records. Under the payments notice, institutions and the network operator must provide the central bank with real-time information on connection status and service availability, and must notify it within 60 minutes of any payment service outage lasting more than 10 minutes. Electronic payment terminals must be installed through the National Single Network, and new electronic payment products developed by institutions must be implemented on that network. The operator, Sociedade Interbancária de Moçambique, must manage access, coordinate terminal migration, correct anomalies, apply risk and incident management controls, and support annual business continuity and disaster recovery tests, with results reported to the central bank by 31 March each year. The investor notice applies to financial intermediaries in the securities market. It allows a professional investor to be treated as non-professional with written consent and sets limits for non-professional investors of 10 percent of annual net income or net financial assets in complex or high-risk products and MZN 2 million a year in public offers, securities crowdfunding or similar instruments, while shares, bonds and fund units remain uncapped subject to suitability and risk assessment rules. The Bank of Mozambique will specify reporting fields and operational procedures for the payments framework by circular. That notice enters into force 90 days after publication, and institutions already operating at that point must integrate or migrate their payment terminal estate to the National Single Network within three months.
Bank of Mozambique2026-06-02
Bank of Mozambique mandates connection to the National Single Network and sets investor qualification rules
The Bank of Mozambique issued a new payments notice requiring credit institutions and financial companies to connect to the National Single Network before offering electronic payment products and services, mandating real-time reporting of connection status and outages, and routing all electronic payment terminals and new products through the network under Sociedade Interbancária de Moçambique’s oversight. A separate investor protection notice requires securities intermediaries to classify clients as professional or non-professional, maintain written categorisation policies and records, and apply quantitative limits on non-professional investments in complex or high-risk products and certain public offers, subject to suitability and risk assessments.