Regulatory Sandbox of the Banco de Moçambique

Rationale

It is a regulatory regime that allows FinTechs, credit institutions, financial companies, payment service providers and other financial institutions subject to the supervision of the Banco de Moçambique or emerging non-financial institutions, as well as those undergoing setting-up, to test their financial products and services, business models and innovative solutions in a real setting for a set timeframe, under the  oversight of the Banco de Moçambique.

Regulatory Sandbox Objectives

• Promoting the testing of financial products and services, business models and innovative solutions, as well as ensuring the identification and adoption of measures to assess, manage and mitigate risks and protect financial consumers, among others.

• Promoting competition and efficiency in the domestic market through financial and innovative technology; and

• Promoting new financial products, business models and innovative solutions, so as to contribute to improving security, convenience, reducing commissions and other charges in their access and use by consumers, as well as increasing financial inclusion.