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Payment Systems

  • Overview of payment systems in Zambia
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    • Circulars
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    • Designated Payment System Institutions
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  • Payment Systems Vision and Strategy

Circulars

The Bank of Zambia issues circulars in order to complement and/or clarify provisions of the law and other regulations that are in issue. Below are links to copies of circulars that have been issued by the Bank of Zambia relating to payment systems.


Circular 06/2025 - Adoption of Extended Operating Hours on the ZIPSS and CSDCircular202506AdoptionofExtendedOperatingHoursontheZIPSSandCSD.pdf Circular 01/2025 - Calendar for Submission of Returns for the Year 2025Circular202501CalendarforSubmissionofPaymentSystemsReturnsfortheYear2025.pdf Circular 08/2024 - Phasing out of Cheques as a Payment InstrumentCircular_08_2024_Phasing_Out_Cheques_As_Payment_Instrument_In_Zambia.pdf Circular 10/2023 - Collateral Requirement for Net Settlement Obligations on Payment SystemsCircular202310CollateralRequirementforNetSettlementObligationsonPaymentSystems.pdf Circular 05/2023 - Calendar for Submission of Returns for the Year 2024Circular202305CalendarforSubmissionsofReturnsfortheYear2024.pdf Circular 02/2023 - Payment of Mobile Money Rewards to Eligible Mobile Money CustomersCircular202302PaymentofMobileMoneyRewardstoEligibleMobileMoneyCustomers.pdf Circular 01/2023 - Rescheduling of Go-live Dates for the Implementation of the Sender's Name Reference and Transaction Type 21 on the NFSCircular202301ReschedulingofGoLiveDatesfortheImplementationoftheSendersNameReferenceandTransactionType21ontheNFS.pdf Circular 07/2023 - Update On The Implementation of Security Updates on the ZIPSS, CSD and EBOP Network InfrastructureCircular202307UpdateOnTheImplementationofSecurityUpdatesontheZIPSSCSDandEBOPNetworkInfrastructure.pdf Circular 18/2022 - Calendar for Submission of Returns for the Year 2023Circular202218CalendarforSubmissionsofReturnsfortheYear2023.pdf Circular 16/2022 - Due Diligence on Entities Partnered with or Engaged to Provide Payment ServicesCircular202216DueDiligenceonEntitiesPartneredorEngagedwithRegulatedEntities.pdf Circular 02/2022 - Implementation of Sender's Name Reference and Transaction Type 21 on the National Financial SwitchCircular202202ImplementationofSendersNameReferenceandTransactionType21ontheNFS.pdf Circular 01/2022 - Relinquishing and Processing of Unclaimed Funds for CustomersCircular202201ReliquinshingandProcessingofUnclaimedFundsforCustomers.pdf Circular 01/2022 - Relinquishing and Processing of Unclaimed Funds for Customers (Attachment Guidelines)Circular202201ReliquinshingandProcessingofUnclaimedFundsforCustomersAttachmentGuidelines.pdf Circular 18/2021 - Calendar for Submission of Returns for the Year 2022Circular20218CalendarforSubmissionsofReturnsfortheYear2022.pdf Circular 06/2021 - Final Deadline for the Completion of Phase II of the National Financial Switch (NFS)Circular202106FinalDeadlinefortheCompletionofPhaseIIoftheNFS.pdf Circular 02/2021 - Relinquishing and Processing of Unclaimed Funds for CustomersCircular20210414RelinquishingandProcessingofUnclaimedFundsforCustomers.pdf Circular 01/2021 - Reinstatement of Transaction Fees on Transfers Below K150Circular202101ReinstatementofTransactionFeesonTransersBelowK150.pdf Circular 32/2020 - Calendar for Submission of Payment Systems Returns for the Year 2021Circular202032CalendarforSUbmissionofPaymentSystemsReturnsfortheYear2021.pdf Circular 24/2020 - Go-Live Dates for Phase II of the National Financial Switch (Commercial Banks)Circular202024Go-LiveDatesforPhaseIIoftheNFS.pdf Circular 07/2020 - Revision of the ZIPSS Fees 2020Circular202007RevisionoftheZIPSSFees2020.pdf Circular 02/2020 - Revision of Transaction and Balance Limits on E-MoneyCircular202002RevisionofTransactionandBalanceLimitsonEMoney.pdf Circular 02/2017 - Extension of the Implementation of the Item Value LimitCircular2017_02ExtensionoftheImplementationoftheItemValueLimit.pdf Circular 06/2016 - Revision of the Item Value Limit on Cheques and EFTsCircular2016-06RevisionofItemVaueLimitonChequesandEFTs.pdf Circular 10/2015 - Operationalization of the ZIPSS RulesCircular2015-10OperatinalizationoftheZIPSSRules.PDF Circular 04/2015 - Issuance of Principles for Financial Markets Infrastructures (PFMIs)Circular2015-04IssuanceofPFMIS.pdf Circular 02/2015 - Revised Charges and Penalties for ZIPSS and CSDCircular2015-02RevisedChargesandPenaltiesforZIPSSandCSD.pdf Circular 02/2015 - Revised Charges and Penalties for ZIPSS and CSD AttachmentCircular2015-02RevisedChargesandPenaltiesforZIPSSandCSDAttachment.pdf Circular 01/2015 - Circular on Earning Interest on Trust AccountCircular2015-01CircularonEarningInterestonTrustAccount.pdf Circular 13/2014 - EuroPay, MasterCard and VISA Standard ComplianceCircular2014-13EMV.pdf Circular 19/2013 - Cheques and DDACC Issued on Insufficiently Funded AccountsCircular2013-19ChequesandDDACCIssuedonInsufficientlyFundedAccounts.pdf Circular 03/2012 - Engagement of Expatriates in the Financial SectorCircular2012-03EngagementofExpatriatesintheFinancialSector.pdf Circular 03/2010 - Revised Framework for the Computation of Collateral Value for the Zambia Electronic Clearing House LtdCircular201008_RevisedFrameworkfortheComputationofCollateralValueforZECHL.pdf

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