National Bank of Angola warns about illegal activity of three payment companies

The National Bank of Angola (BNA) yesterday warned three companies that are illegally carrying out financial activities – Elite Service, Kwanza Net and Big Bizness – warning the public to refrain from commercial relations with them.
The companies in question “sell international payment cards, through the ‘Visa’ network, wallets for emergency reserve and savings in foreign currencies and term deposits in foreign currencies, as well as foreign exchange trading”.
However, according to the BNA, they are not licensed for this activity, so the regulator calls on “banking financial institutions and the general public to refrain from establishing any business relationship with them.”
The central bank also warned, “its promoters to refrain from any act that could be qualified as a crime.

About Geraldine Boechat 2734 Articles
Senior Editor for Medafrica Times and former journalist for Swiss National Television. former NGO team leader in Burundi and Somalia