Angola’s National Bank (BNA) by September 2020 plans to announce the name of the company that will be responsible for the Mobile Transfers and Instant Messaging system to be introduced throughout the country, according to a request for information published on 26 April.
“As there is already a well-consolidated mobile telecommunications network in the Angolan market, the BNA intends to introduce a system of Mobile Transfers and Instant Messaging (STMI), which will be available in the entire country and accessible to the whole population, commonly known as Mobile Money,” said the central bank.
The opening of the requests for information is intended for drawing up a request for proposal (RFP) to select a technological operator for the entity that will be responsible for the technological management of the system, which will be a payment system operator based in Angola.
The payment system in Angola is currently based on the use of four payment tools (cheques, payment cards, credit transfers and direct debits) and is made up of four interbank subsystems, a system for payment of large sums and a securities settlement sub-system.
The interested entities must respond to the request for information from the BNA by 10 June 2020, the request for proposals will be launched on 24 June with a response deadline of 31 July. In August there will be on-site visits and demonstrations, and the final decision of the selection process is scheduled for September 2020.
With this request for information, the BNA intends to secure information on which to base its “selection of a solid and reputable company experienced in the management and operation” of this type of system.