🌍
Jurisdiction
Angola
📅
Effective Date
2020
Dec 16, 2020
✅
Full Compliance
TBD
🏛️
Regulator
National Bank of Angola
Overview
Law No. 40/20, approved December 16, 2020, modernized Angola's payment system framework, replacing Law No. 5/05. It establishes rules for payment services and financial data management, creates a Technical Commission for the Development of the Payments System, and authorizes licensed entities (banks, payment services companies, financial institutions) to provide payment services. The law provides the regulatory foundation for open banking and third-party API integration.
Scope & Coverage
Payment ServicesPayment Instruments
Key Requirements
1
BNA licensing for payment service providers2
Technical Commission oversight3
Payment system safety and interoperability4
Authorized entity participationImplementation Timeline
Dec 16, 2020
Lei nº 40/20 on Payment System approved
Official Documents & Resources
Key Notes
Early stage. No regulated TPPs or API aggregators yet. Framework supports future open banking development.
Official Resources
Related Regulations
Other open banking frameworks in Africa:
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