Payments/MZ
Mozambique
ISO MZ · 3 schemes
Summary
- M-Pesa leading (6M+ users)
- Interoperability achieved (July 2022)
- e-Mola QR code payments
- Millennium BIM QR banking
- 40% mobile money adult accounts
Banking landscape
Central Bank
- Name: Banco de Moçambique (BdM)
- Website: https://www.bancomoc.mz/
- Role: Monetary policy, interoperability mandate
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Millennium BIM | International | Smart IZI App |
| 2 | BCI | Local | BCI App |
| 3 | Standard Bank Mozambique | International | SB App |
| 4 | Absa Mozambique | International | Absa App |
| 5 | Moza Banco | Local | Moza App |
Market Structure
- M-Pesa: Market leader (Vodacom)
- e-Mola: Movitel service
- mKesh: Tmcel (state) service
- 40%: Adult mobile money
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| M-Pesa | Vodacom | Mobile money | Leader |
| e-Mola | Movitel | Mobile money | Active |
| mKesh | Tmcel | Mobile money | Pioneer (2012) |
| Interoperability | BdM | Cross-platform | July 2022 |
Interoperability Achievement
- Announced July 2022
- M-Pesa, mKesh, e-Mola connected
- Central bank facilitated
- Seamless cross-platform transfers
Mobile Money History
- mKesh: 2012 (first, Tmcel)
- M-Pesa: 2013 (Vodacom)
- e-Mola: 2014 (Movitel)
- All now interoperable
QR code standards
e-Mola QR
| Attribute | Value |
|---|---|
| Provider | Movitel |
| App | e-Mola |
| Feature | QR scan from gallery |
| Merchants | Multi-cashier support |
e-Mola QR Features
- Scan QR from photo gallery
- Merchant payments
- Cashier selection
- Multiple payment points
Millennium BIM Smart IZI
| Attribute | Value |
|---|---|
| Bank | Millennium BIM |
| App | Smart IZI |
| QR | Read and generate |
| Integration | M-Pesa, e-Mola |
BIM QR Features
- Generate personal QR codes
- Read/scan QR codes
- IZI withdrawals (cardless)
- Mobile transfers to wallets
- Intrabank/interbank transfers
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| M-Pesa | Vodacom | Yes | Full wallet |
| e-Mola | Movitel | Yes | QR scan |
| mKesh | Tmcel | Limited | First wallet |
| Smart IZI | BIM | Yes | Banking + QR |
M-Pesa Mozambique
- Market leader
- 6 million+ users (2022)
- IFC partnership 2024
- Farmer focus
- Interoperable
e-Mola Features
- QR code payments
- Gallery scan support
- Bill payments
- P2P transfers
- Merchant network
Smart IZI (BIM)
- Full banking app
- QR code generation
- QR code reading
- M-Pesa/e-Mola transfers
- IZI cardless withdrawal
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Interoperability | Cross-platform | Wallet | July 2022 | — |
| e-Mola QR | Mobile QR | App | Active | e-mola-qr |
| BIM QR | Bank QR | Smart IZI | Active | — |
Sources
- Club of Mozambique - Interoperability
- Banco de Moçambique - Interoperability
- TransFi - Mozambique Payments
- IFC - M-Pesa Partnership
- App Store - e-Mola
- Google Play - Millennium BIM Smart IZI
- Club of Mozambique - 2023 Growth
- Africa Press - Interoperability
Full country report
Schemes
Standards
Primary · 3
Mentioned · 1