The President of the Republic, Daniel Chapo, has promulgated the National Payment System Law, a reform considered essential to strengthening the security, efficiency, and transparency of financial operations in Mozambique.
The initiative aims to modernise the legal framework of the sector, aligning it with technological and economic changes observed in recent years.
In addition to this legislation, the Head of State also promulgated the Law revising the Statute of the Order of Accountants and Auditors of Mozambique, a measure intended to update the rules governing the profession and respond to current market demands.
Acting under the powers granted by Article 162(1) of the Constitution of the Republic of Mozambique, Daniel Chapo decided to promulgate and order the publication of both legal instruments after confirming that they do not contradict the Constitution.
According to a statement from the Presidency, the new National Payment System Law comes in a context of increasing digitalisation of the economy and seeks to strengthen the capacity for prevention and oversight within the national financial system. The law establishes mechanisms designed to ensure greater security, efficiency, and integrity of financial operations, while also reinforcing transparency in the organisation and functioning of the sector.
With this reform, the country aims to keep pace with developments in payment systems and address challenges arising from the expansion of financial services, creating a safer environment for citizens, businesses, and institutions.
On the other hand, the revision of the Statute of the Order of Accountants and Auditors represents an important step in updating the legal framework governing the profession. The new legislation is intended to give greater dynamism to the organisation and align it with contemporary requirements in accounting and auditing services.
The promulgation of these laws is seen as a sign of institutional modernisation and a reinforcement of confidence in the financial and accounting systems, sectors considered fundamental to economic stability and the attraction of investment in the country.
Source: Diário Económico
