Luanda – Angolan government is working on the preparation of the National Financial Inclusion Strategy, which is expected to be launched in the first quarter of 2025, increasing the inclusion levels of financial literacy, the director of the Financial Inclusion Department of the Angolan Central Bank (BNA), Edilson Pimentel, revealed Thursday in Luanda Province.
He was speaking at the third meeting of the Coordination Committee for the National Financial Inclusion Strategy (CCENIF), led by the Minister of State for Economic Coordination, José de Lima Massano.
The official highlighted that there are low levels of population identification, which is one of the constraints for financial inclusion, which is why a strategy is being developed to overcome this situation.
Edilson Pimentel mentioned a strategy for the mass distribution of identity cards, which could lead to the identification of around 80% of the population.
“We will have the second World Bank (WB) mission here and, in consultation with the technical team and guidance of this committee, we will then move on to public consultation in December”, he said, adding that there is a prospect, by November, of the first “draft” between the parties.
However, the chairman of the Association of Payment Service Providers of Angola, Nuno Vegas, said that his institution works in partnership with BNA and other institutions by enlarging the actions in markets, as well as with local authorities with the aim of helping as many people as possible.
In turn, the director of the BNA Payment System department, Cristina Caniço, said that among other aspects, the importance of the “KWik” payment platform, which is an instrument supported through the Instant Transfer System (STI).
She highlighted the fact that this service allows the transfer of instant payments in less than 30 seconds, at no cost, stressing that later on any charges may be assessed at the user level.
The meeting was attended by members of the government economic team, as well as regulators of the financial system, namely the Angola Central Bank (BNA), the Angolan Insurance Regulation and Supervision Agency (ARSEG) and the Capital Market Commission (CMC).
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