MEFMI Trains Bank of Mozambique on Payment and Settlement Systems

MEFMI conducted training on financial market infrastructure focusing on payment and securities settlement systems at the Bank of Mozambique from 10 – 14 July 2023. Mrs Maria Esperanca Mateus Majimeja, Executive Director and Board Member at Bank of Mozambique, officially opened the training. In her remarks, she underscored the importance of the training to the Bank on its journey to implement the Real Time Gross Settlement System (RTGS) and the ongoing review of the National Payment Systems Act in Mozambique. She encouraged the participants to take full advantage of the training and thanked MEFMI for its timely support.

The objective of the training was to introduce participants to the key aspects of financial market infrastructures (FMIs), particularly payment and securities settlement systems. The training included discussions of risks in payment systems and Principles for financial market infrastructures (PFMIs), as well as the emerging aspects in the payment system arena.

A total of 26 participants attended the training. They were from the Payments, Banking, Financial Markets, Market Conduct and Oversight of Payment Systems departments. In terms of gender distribution, 10 female participants accounted for 38 per cent of the total participants.

The training enhanced the participants’ knowledge of the operations and oversight of the different types of payment and securities settlement systems, PFMIs and emerging topics in payment systems such as central bank digital currencies (CBDCs). MEFMI expects the trained officials to use the knowledge to effectively operate, regulate and supervise the payment and settlement systems in Mozambique.

By Noel Mahombera