Angola’s electronic payment system expanding, but still faces constraints

11 January 2006

Luanda, Angola, 11 Jan – More than 3 million transactions were made at ATM machines and over 168,000 debit card transactions undertaken in
Angola last year, as the country’s electronic payments system showed significant growth.

The official statistics were given Tuesday by Jose de Matos, administrator of EMIS, the company running the inter-bank ATM and debit card system. In December alone, some US$ 34 million was withdrawn from ATM machines, he said.

De Matos said electronic payments in Angola were still limited due to limitations of the telecommunications and power systems. The country only has 250 electronic points of sale, he added, as well as a network of 165 ATM machines and over 81,000 cardholders.

The EMIS system is owned by state-owned Banco Nacional de Angola with a 51 percent shareholding. Remaining stock is held by a group of 11 commercial banks. (macauhub)