Angolan central bank approves legal framework for Visa cards

27 March 2007

Luanda, Angola, 27 Dec – Angola’s central bank, Banco Nacional de Angola, has approved the legal framework for the introduction of Visa cards into the country, the central bank said in a statement Monday in Luanda.

According to the statement, issuing of the cards will be carried out by banks that are legally established in Angola.

The central bank also said that the new financial product would be available to individuals and companies that are interested in having it.

Meanwhile, the company that manages the automatic teller machine (ATM) system in Angola, Emis, plans to start accepting Visa cards in its system within six months.

“Based on the existing programs for developing our services and the fact that Banco Africano de Investimento has joined the Visa network, we have been making efforts, for some time, for Emis’ services to accept international cards,” said Pedro Puna the chairman of Emis.

Puna said that, as well as visa cards, the structure would also be prepared to receive American Express and Mastercard.

The Multicaixa ATM network currently makes it possible to withdraw cash, make payments and re-charge telephone accounts. (macauhub)