Bank of Zambia LOGO
  • News and Publications
  • Careers
  • Procurement
  • FAQs
  • Contact Us
  • About Us
  • Monetary Policy
  • Financial Stability
  • Statistics
  • Research and Publications
  • Banking and Currency
  • Payment Systems
  • Bonds and Tbills
  • BoZ Online
  • Bank of Zambia
  • Payment Systems
  • Designation of Payment Systems

Payment Systems

  • Overview of payment systems in Zambia
    • Systemically Important Payment Systems
    • Non-systemically Important Payment Systems
    • Regional Payment Systems
  • Payment Systems Regulatory Framework
    • Directives
    • Circulars
    • National Payment Systems Act
    • Payment Systems Rules
  • Payment Systems Oversight
  • Designation of Payment Systems
    • Designated Payment System Institutions
  • Payment Systems Outlook
  • Payment Systems Vision and Strategy

Designation of Payment Systems

In line with the requirements of the National Payment Systems Act (2007), any person intending to conduct payment business shall require designation by the Zambia. This requirement is aimed at ensuring that only institutions that are dully licenced by the Bank of Zambia offer payment systems service in Zambia. This is aimed at ensuring a safe and secure national payment system.

The designation process usually takes the form as highlighted below. Applicants are encouraged to meet all requirements in order to minimize delay of the application process.

Requirements for Designation

Applicants for Payment Systems and Payment Systems Business are required to meet the requirements as stipulated in the documentation that can be downloaded below:


Requirements for Payment System Participant01CRequirementsforDesignationofaPaymentSystemParticipant.pdf Application Form for a Payment System Participant02BApplicationFormforaParticipantinaPaymentSystem.pdf Requirements for Payment System01BRequirementsforDesignationofaPaymentSystem.pdf Application Form for a Payment System02CApplicationFormforaPaymentSystem.pdf Requirements for Payment System Business01ARequirementsforDesignationofaPaymentSystemBusiness.pdf Application Form for a Payment System Business02AApplicationFormforaPaymentSystemBusiness.pdf Payment Service Provider Fees and ChargesAppendix-FeesandChargesforDesignationofPaymentServiceProvidersFebruary2025.pdf Director's Questionnaire03DirectorsQuestionaire.pdf Vital Statistics04VitalStatistics.pdf

© Bank of Zambia 2016.   Home   | Contact Us  | Staff Email  | Terms & Conditions  | Sitemap