Instituição de moeda electrónica — Mozambique

The Mozambique category mapped to e-money issuance.

One of the three payment-service-provider (empresa prestadora de serviços de pagamentos, EPSP) categories under Decreto n.º 50/2024 (Regulamento da LICSF) art. 51: instituição de moeda electrónica. Issues e-money against receipt of funds (art. 56.1) and redeems it at par (art. 56.3) - holds the customer float, hence EMONEY_ISSUE. Must adopt the sociedade anónima form (art. 52.1 a). An IME may also perform money remittance/receipt with prior BdM authorization (art. 55 c) - a per-entity permission NOT published on the register, so this category is single-mapped to e-money (the register's own subsection). The ICSF register subsections the entities as « Categoria de instituições de Moeda Electrónica ».

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04.

Source recency: Banco de Moçambique's official list is dated 2025-01 — the most recent official publication; verify current status directly with Banco de Moçambique. Entries below are as reported by that list — not a statement of current status.

Licensed providers

3 entities

#	Provider	Status (as reported)	Source	Source date
1	Carteira Móvel, SA.	licensed	Banco de Moçambique	2025-01
2	M-Mola, SA.	licensed	Banco de Moçambique	2025-01
3	Vodafone M-Pesa, SA.	licensed	Banco de Moçambique	2025-01

Licence requirements

What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.

Requirement	As published	Source	Source date
Minimum capital	Not officially published: Decreto 50/2024 fixes no metical minimum-capital amount for an e-money institution; the pre-2024 figures are in the revoked Decreto 99/2019 and no operative published figure was located this build.	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11
Local presence / incorporation	Must adopt the form of a public limited company (sociedade anónima). Verbatim “a forma de sociedade anónima, quando se constituam como instituição de moeda electrónica e instituição de transferência de fundos”	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11
Timeline	Not officially published: Licensing is decided case-by-case by the Governor under the LICSF; no fixed number of days within which BdM must grant or refuse an EPSP application is published in this regulamento.	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11
Local ownership	No such requirement: Decreto 50/2024 sets no ownership-percentage or nationality cap for an e-money institution.	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11
Fees	No such requirement: No application/authorization fee schedule is fixed for an EPSP in Decreto 50/2024.	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11
Ongoing obligations	E-money is issued only against receipt of funds and is redeemable at par at the holder's request. Verbatim “A emissão de moeda electrónica faz-se sempre contra a recepção de fundos … A moeda electrónica é reembolsável a pedido dos seus portadores”	Decreto n.º 50/2024, de 11 de Julho — Regulamento da Lei das Instituições de Crédito e Sociedades Financeiras (LICSF); the EPSP regime lives in arts. 51–59 (revokes Decretos 56/2004, 57/2004, 31/2006, 30/2014 and 99/2019, the EPSP decree)	2024-07-11

Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:EMONEY_ISSUE:

Cross-border rules for Mozambique →