The number of financial transactions between banks and electronic money is on the rise in the country. In recent years, transfers from commercial banks to e-money institutions have risen from 61,000 to 888,000 transactions. The figures were released in Beira, Sofala province, by the Governor of the Bank of Mozambique, Rogério Zandamela,...
Tag: transactions
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AT to tax and track mobile wallet transactions
From next year Mozambique will start taxing mobile wallet operations and tracking internal and external transactions, said the Deputy Minister of Economy and Finance, Carla Louveira, on Friday. The aim of this measure, she said, is to ensure that it is operational and to increase revenue collection for the state. For the time being, from...
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European Union moves ahead with regulation on digital currency transactions
The European Union (EU) on Thursday agreed on the details of a provisional deal to regulate the transaction of digital currencies, at a time when prices have fallen and calls for stricter scrutiny of cryptocurrencies. Negotiators concluded agreement on a comprehensive package of rules that will regulate the transaction of currencies...