The Republic of Angola is one of Africa's major oil producers, but even so it remains one of the world's poorest countries. Link to external site : Website for Angola |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
61,403.28 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
13.636 Upgrade to Bronze |
| Currency | AOA |
| Class | |
| CountryISO | AO |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Unitel",7794958],["Movicel (Angola Telecom)",5841346]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",25000],["Q4 2001",87616],["Q4 2002",140795],["Q4 2003",330244],["Q4 2004",740000],["Q4 2005",1400000],["Q4 2006",2868700],["Q4 2007",4807000],["Q4 2008",7071600],["Q4 2009",9318039],["Q4 2010",11515556],["Q4 2011",13636304],["Q4 2012",15586773],["Q4 2013",17365760],["Q4 2014",18943504]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations |
Angola Payment Systems Law establishes legal framework for payment services Upgrade to Bronze |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil legal system based on Portuguese civil law; no judicial review of legislative acts Upgrade to Bronze |
| Law is based on |
Based on Portuguese civil law Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
| E-Money |
Only Bank; Banco Sol Kumbu rechargeable VISA prepaid card Upgrade to Bronze |
| Payment | |
| Agent |
Only bank; For bank a/c Need National Identity Card(BI), drivers license or foreign passport; Many lack the BI - Drive to provide all by 2015 Upgrade to Bronze |
| Money Transfer |
Only banks allowes. Restricted with Exchange controls on current account transactions, even low value. Upgrade to Bronze |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",60.43],["Banked",25],["Internet",1],["Urban",56],["Adult",54],["Literate",67.4]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 17.02 |
| Adult % | 54.00 |
| Migrants % |
0.34 Register/Log In |
| Stock Immigrants ('000) |
65.40 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 56.00 |
| Female % | 51.10 |
| Literate % | 67.40 |
| Annual Growth % |
-1.70 Upgrade to Bronze |
| Mobile Penetration % | 60.43 |
| Banked % | 25.00 |
| Access to FS % | 25.00 |
| Internet % | 1.00 |
| Branches per 100k adults | 5.53 |
| ATMs per 100k adults | 7.82 |
| POS per 100k adults | 24.64 |
| Prepaid % | 99.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 7.71 |
| Monthly ARPU |
26.50 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Long Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |