Angolans have 4.1 million debit cards at the end of July

22 August 2014

The number of valid debit cards in Angola exceeded 4.1 million at the end of July, according to the National Bank of Angola, which added that 42 percent of those cards were in active use.

Announcing a conference on the payment system, the Angolan central bank also said that the number of automatic teller machines (ATMs) and automated payment terminals in the country was 2,488 and 40,302, respectively.

From January to July there was an average of 12 million ATM transactions per month, of which 53 percent were cash withdrawals.

At automatic payment terminals the average monthly transactions in the same seven-month period were 2 million, of which 90 percent were shopping purchases.

The conference, taking place on 25 August in Luanda, is directed at economic operators, financial institutions, payment services and telecommunications companies and is intended to discuss innovations in the sector and successful experiences in other countries. (macauhub/AO)