EMIS will lose Multicaixa's monopoly on 2019

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It seems that in 2019 a lot will change in the payments sector via multicaixa and not only, since until March of 2019, the Multicaixa Express will allow online payments. Multicaixa Express replaces the reference number that requires you to go to the ATM, allowing you to make payments directly online.

A Law 5 / 2005, of July 29, which regulates means and payment systems will undergo a revision from 2019 to adapt to the new challenges of electronic commerce and allow more companies to provide the interbank service, the director of the Department of Payment of the National Bank of Angola, Edgar Bruno, in the Conference on the Digital Transformation of Banking, said in Luanda. With the revision of the law and the entry of new players in the provision of interbank services, EMIS, an interbank service company that integrates its commercial shareholder structure 22 and the National Bank of Angola, no longer has the monopoly of the sector, focused mainly on ATMs and TPAs.

The Chairman of the EMIS Committee, José Gualberto Matos, questioned on the subject, considers the competition salutary because whoever wins is the banking client who may have the option to choose who guarantees him greater satisfaction.

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