Ver Angola

Banking and Insurance

New BNA rule 'removes' payment terminals from kinguilas

After signing a memorandum with the General Tax Administration (AGT), the National Bank of Angola (BNA) issued a regulation that obliges banks to require payment terminal applicants (TPA) the Tax Identification Number (NIF), as well as as the declaration of the type of activity they carry out. Those who already have payment terminals will have to update the information.


In this way, the 25 banks operating in the national market are now obliged to reinforce the requirements of the adhesion contracts. Applicants will be required to have their TIN in active status, as well as to identify the type of activity they carry out. The new rules are expressed in directive No. 09 of 2022, cited by Expansão.

In this way, informal merchants – such as kinguilas – will find themselves without the means to request or maintain an automatic payment terminal. It is recalled that there are several natural persons who, being the holders of a small business, use this means to make payments, through an equipment rental agreement with a commercial establishment which in turn has entered into an agreement with the bank, not having to provide details on the type of activity.

This rule comes after an agreement between the central bank and AGT, as a way of controlling the tax distribution that passes through this channel but does not reach the State coffers. The agreement was signed by the chairman of the Board of Directors of AGT, José Leiria, and by the Governor of the BNA, José de Lima Massano. The same, says Expansão, clarifies the bases on which the parties, in the defense of the public interest, agree to cooperate, in terms of information sharing and technical assistance.

Banks will also have the task of, when signing the contract for accepting the delivery of TPA to natural persons, verifying whether the tax registration of the trader or self-employed professional is included in the Economic Activity Code (CAE).

Another of the 'illicit' ways of using payment terminals occurs in the face of large lines for withdrawing money at multicaixas. This situation, which normally worsens at the end of the month, makes citizens resort to kinguilas. Also according to Expansão, TPA holders strategically place themselves at the door of banks, providing cash in exchange for a payment at the terminal, where they charge an additional 10 percent of the amount that people need to withdraw.

In this way, for every 1000 kwanzas withdrawn, 100 kwanzas are charged for something that will be a "service fee". "Nobody complains because the 10 percent is given before the customer swipes the card at the POS. We are only charging, because the bank has also charged us for each operation we carry out and for the paper we spend", said a kinguila heard by the Expansion.

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