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Tue, 27 Jun 2017 07:49 - Updated Tue, 27 Jun 2017 07:49

Angola: BNA and Telecommunications Ministry sign cooperation deal

Luanda - A cooperation agreement aimed at enabling the transfer of values and payment of products via mobile phones was signed on Monday in Luanda by the National Reserve Bank of Angola (BNA) and the Ministry of Telecommunications and Information Technology.

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BNA and IT ministry sign agreement

Photo: Francisco Miudo

The deal was signed by the Executive director of BNA, António Ramos da Cruz, and the chairman of the Board of Directors of the Angolan Institute of Communications (INACOM), Leonel Inácio Augusto.

Angop learnt that the agreement aims at creating conditions for financial services to send and receive faster and easier, using technology available to everyone in different parts of the country.

According to the director of payment system of BNA, João Romão Coje, the new system tends to make possible the payment of several consumer goods, bank transfers and valuation.

For the operation of this system, João Romão Coje considered important the implementation of a network of agents that will be affiliated to the system and will accept the payments and collection of values ​​made by mobile phones.

The official also stressed the existence of agents already affiliated to the mobile telephone networks, which will facilitate the process of payment of goods and services.

Regarding the licensing of agents, João Romão Coje said that it will be regulated by BNA that will deal with commercial banking and financial services, as well as the Angolan Institute of Communications (INACOM), which will be responsible for communications.

BNA Governor, Valter Filipe da Silva, and the Minister of Telecommunications and Information Technologies, José Carvalho da Rocha, were present at the signing ceremony of the agreement.

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