Tue, 29 Aug 2017 12:49:06 +0000 By Buumba Chimbulu DIRECTIVES on electronic money issuance aimed at creating an enabling and safe environment for automated payment systems are this year expected to be revised by the Bank of Zambia (BoZ). The central bank in 2015 issued directives on electronic money issuance under Government Gazette notice No. 416 of 2015 as provided for in the National Payments Systems Directives Act No. 1 of 2007 with the aim of maintaining an efficient and safe payment system. According to BoZ assistant director payment systems, Miriam Kamuhuza, the revision was also part of the central bank’s measure of creating an enabling environment for innovation in the banking sector. Ms. Kamuhuza explained that the main aim of reviewing the directives was to ensure that they were up to date and safe for people to use electronic payment systems confidently. “In 2015, we looked at Zambia’s environment and how the digital financial […]
