Digital Payments & Fintech - Angola

Law no. 40/20 of 16 December (LSPA) sets the legal framework for the supervision, regulation, management and operation of Angola's payment system, modernising the prior regime to reflect transaction volumes and new financial products.

The Banco Nacional de Angola (BNA) supervises and regulates the payment system and holds exclusive authority to grant and revoke licences for payment service providers, payment institutions and operators.

Electronic money institutions and PSPs must be licensed by the BNA, meeting capital, operational-capacity, governance, risk-management, AML and data-protection requirements set out in the Financial Institutions Basic Law, Aviso 07/2017 (payment services) and Aviso 07/2018 (non-banking financial institutions).

The BNA has publicly warned that electronic money wallets require a licence and that the activity is reserved for authorised PSPs, after noting a rise in operators offering e-money without proper authorisation; the BNA has also authorised a set of companies to issue electronic money.

EMIS operates the Multicaixa national interbank network (the only interbank ATM/POS system) and core clearing and instant payment services, including the instant Transfer System, Direct Debit, Credit Transfer and Multicaixa Express, with QR and instant transfers expanding strongly through 2025.

Angola has no dedicated open-banking mandate or specific buy-now-pay-later regime; consumer credit and any BNPL offerings fall under general financial-institution and credit rules rather than a tailored framework, while the BNA and partners (e.g. IFC) work on broader fintech enabling-environment reforms.