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Mozambique

Sociedade Interbancaria De Mocambique (SIMO)

Scheme name: Sociedade Interbancaria De Mocambique (SIMO)

IIPS Type: Cross-domain

Instruments: E-money, Card

Channels: Browser, POS, USSD, ATM, Branch

Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Fees & taxes (P2G)

Inclusivity level: Basic

Year of establishment: 2014

System owner: Interbancos

Overseer: Banco de Moçambique

Operator: Interbancos

Total Participants: 17

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CategorySociedade Interbancaria De Mocambique (SIMO)
Geographic reachDomestic
Geographic descriptionMozambique
Scheme governanceInterbancos
Settlement agentBanco de Moçambique
Participants - commercial banks14
Participants - MMOs3
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 2018N/A
Values 2019N/A
Values 2020N/A
Values 2021N/A
Interoperability arrangementMultilateral
Ownership modelRegulator-owned
Governance TypologyPrivate association
Messaging standardN/A
Types of proxy IDsmobile number
Use of open APIsN/A
QR code standard No
Pro-poor governanceNo
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseYes

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