SIMO / SIMOredeMozambique’s national switch, ATM/POS network, and card scheme. The key point: after a major outage cut the country off from its main banking network for more than two years, a new processing platform went live in 2025, and millions of cards and thousands of POS terminals and ATMs were replaced. Work now under way: interoperability between M-Pesa, e-Mola, and mKesh.SIMO – Sociedade Interbancária de Moçambique SA (under the authority of the Banco de Moçambique) · since 2011
Global registry · Africa & Middle East · East Africa
Mozambique Payment systems
3 systems listed.
This country doesn’t have a written market analysis yet: e-commerce shares, regulator, and key players are still to be documented. The systems below, however, are verified.
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Payments in East AfricaPayments in Portuguese-speaking and southern AfricaMobile money in AfricaPayments in West and Southern AfricaPayments in the CEMAC zonePayments in the Gulf and the Middle EastAccepting payments in AfricaAccepting payments in Egypt and the MaghrebAccepting payments in the GulfCollecting payments in Kenya and East AfricaCollecting payments in Nigeria and West AfricaPayments in Africa: the continent that reinvented mobile money
Card schemes
Mobile money
M-Pesa MoçambiqueVodacom’s mobile money service in Mozambique, with its own agent network and terms of use. Interoperability with the country’s other wallets and with banks runs through SIMO and is still a work in progress. ⚠️ Volumes and user numbers could not be cross-checked against a primary source.Vodacom Moçambique
Other
MTRMozambique’s RTGS; MTR is the acronym the central bank uses in its national payment system statistics. It settles money market, foreign exchange, and capital market transactions, starting with monetary policy operations, and is the banks’ liquidity management tool. The settlement foundation for SIMO and Mozambique’s instant payment system.Banco de Moçambique (platform supplied by Montran Corporation after an international tender)