Select Countries and Regions

Mozambique

Sociedade Interbancaria De Mocambique (SIMO)

Scheme name: Sociedade Interbancaria De Mocambique (SIMO)

IIPS Type: Cross-domain

Inclusivity level: Basic

Year of establishment: 2012

System owner: Bank of Mozambique and industry partners

Overseer: Bank of Mozambique

Operator: SIMO

Total Participants: 22

Back to map
CategorySociedade Interbancaria De Mocambique (SIMO)
Geographic reachDomestic
Geographic descriptionMozambique
Scheme governanceN/A
Settlement agentCentral Bank of Mozambique
Participants - commercial banks19
Participants - MMOs3
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 202047,434,481
Volumes 202156,494,914
Values 2018- USD
Values 2019- USD
Values 20202,669,978,604 USD
Values 20213,265,214,909 USD
Values 20223,477,234,108 USD
GNI15,448,140,157
GNI (%)23%
Interoperability arrangementThird party
Ownership modelJointly owned
Governance TypologyPPP
Messaging standardN/A
Types of proxy IDsN/A
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceNo
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossNo

African IPS Map

Selected Country
Live IPS
IPS in development
No data
Select region to view data