Mozambique: Business confidence declines for fifth consecutive quarter
Mozambique: Agreement to restore ATMs and card machines ‘temporary’
1:19 CAT | 25 Nov 2018
Rogério Zandamela. File photo: O País
The governor of the Bank of Mozambique, Rogério Zandamela, said on Friday that an agreement that put an end to the blackout of automatic teller and card operations of most Mozambican banks was “temporary” adding that his country could not be held “hostage” by Bizfirst.
“This is a temporary solution,” he said at the sidelines of the bank’s advisory board meeting taking place since Wednesday in the city of Quelimane, Zambézia, in central Mozambique. “As soon as it is possible, we will adopt a solution that will give us safety and coverage of our system so that we don’t suffer the vulnerabilities, risks and precarity we suffered from Bizfirst.”
Mozambican banks have paid Portuguese company Bizfirst to restore service to ATMs and card machines that have been down since last Friday, official sources told Lusa on Wednesday.
The blackout of automatic teller and card operations of most Mozambican banks since Friday was because of a failure to pay sums due and other breaches by Simo, the company that runs the network, according to Bizfirst, a Portuguese firm that supplied technology for it.
A new contract is now to be signed by all banks, the sources told Lusa on Wednesday, without giving details on the amounts or duration of the agreement.
The decision to pay Bizfirst had been ruled out by the Bank of Mozambique’s governor, Rogério Zandamela, on Tuesday, when he was heard at parliament.
Source: Lusa
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