Angolan ATM card has 10 million transactions a month

20 April 2012

The number of financial transactions carried out using the Multicaixa ATM card in Angola is almost 10 million per month, the chairman of automatic payment company Empresa Interbancária de Serviços (Emis), Pedro Puna said Thursday in Luanda.

During a meeting to mark the 10th anniversary of the launch of the Multicaixa card in Angola on 18 April, Puna also said that the transactions were related to the 2.5 million cards that are currently valid.

He also said that the services of the Multicaixa network, which covers ATM (automatic teller machines) and POS (points of sale) are already available in over 75 percent of the country’s 160 municipal areas, and the number of transactions at POS is 10 percent higher than at ATMs.

Cited by Angolan news agency Angop, Puna said that the company’s main strategic aims are to generalise use of electronic payment in Angola, promote financial inclusion and reduce circulation of cash.

He also said that as well as the domestic card (Multicaixa) the company had launched an internationalisation project, which since 2007 had allowed the Multicaixa network and eight Angolan banks to receive certification from Visa, which allowed the banks to issue Visa cards supported by Emis. (macauhub)