Afriset Fintech

Electronic Money Institution — Zambia

The Zambia category mapped to issue e-money / hold customer funds. Regulator: Bank of Zambia. National Payment Systems Act, 2026: issues electronic money on receipt of equivalent funds; customer float held. Facts conditional on the BoZ register being reachable (persistent 503s at research time - register_unavailable recorded honestly if so). Mapping human-reviewed and approved in the Phase-2 plan, 2026-07-02 (dual-map rule: maps_to follows the statutory definition; dual only where the definition itself spans both activities).

As of 2026-07-02 (date of retrieval — the source publishes no date) · source: Bank of Zambia (Act text via ZambiaLII) · 7 entities

# Provider Status (as reported) Licensed / granted Source
1 MTN Mobile Money Limited authorized Bank of Zambia · as of 2026-07-02
2 Mypay Financial Solutions Limited authorized Bank of Zambia · as of 2026-07-02
3 Samafrica Online Zambia Limited authorized Bank of Zambia · as of 2026-07-02
4 Spargris Zambia Limited authorized Bank of Zambia · as of 2026-07-02
5 Union 54 Limited authorized Bank of Zambia · as of 2026-07-02
6 Zamtel Mobile Money Limited authorized Bank of Zambia · as of 2026-07-02
7 Zoona Transactions Zambia Limited authorized Bank of Zambia · as of 2026-07-02

The equivalent in other markets

Categories mapped to the same normalized activity (fintech:EMONEY_ISSUE):