Angola: Central Bank Envisages to Create Money Transfer Service On Mobile Phones

  • Posted on: 1 June 2021
  • Updated on: 1 June 2021
  • By: radmin

The Central Bank of Angola (BNA) plans to create money transfer services by cell phone this year to reduce crowds in commercial banks and ATM, at the country level.

Speaking to the press after the inauguration of the new BNA director in eastern Moxico province , the BNA administrator for the Regional Delegations, Tavares Cristóvão, said that the service, which is in the study phase, will count on the participation of the mobile phone companies ( Unitel and Movicel).

Without specifying the technical functionality of the service, he explained that the implementation of this system is expected to carry out monetary movements in any region of the country, to end the crowds in banking facilities and thus contribute to improving the provision of services by these commercial institutions.

The new BNA regional director , Francisco Canvula Manuel, who replaced , José Baptista in the postion , said that he will continue the projects planned by his institution, that of improving the quality and circulation of banknotes, especially those of low bill notes , as well as how to strengthen the link with commercial banks.

Moxico Governor, Gonçalves Muandumba, on the occasion, congratulated the new BNA manager and the intention to implement this monetary service, aimed to significantly help people in the regions of the country, where there are no bank branches.

The BNA Delegation has been operating in Moxico since 2019, after being inoperative in 1997.

Speaking to the press after the inauguration of the new BNA director in eastern Moxico province , the BNA administrator for the Regional Delegations, Tavares Cristóvão, said that the service, which is in the study phase, will count on the participation of the mobile phone companies ( Unitel and Movicel).

Without specifying the technical functionality of the service, he explained that the implementation of this system is expected to carry out monetary movements in any region of the country, to end the crowds in banking facilities and thus contribute to improving the provision of services by these commercial institutions.

The new BNA regional director , Francisco Canvula Manuel, who replaced , José Baptista in the postion , said that he will continue the projects planned by his institution, that of improving the quality and circulation of banknotes, especially those of low bill notes , as well as how to strengthen the link with commercial banks.

Moxico Governor, Gonçalves Muandumba, on the occasion, congratulated the new BNA manager and the intention to implement this monetary service, aimed to significantly help people in the regions of the country, where there are no bank branches.

The BNA Delegation has been operating in Moxico since 2019, after being inoperative in 1997.

Source: All Africa

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