The Bank of Mozambique has reported a substantial rise in electronic money account users, growing from 11.9 million in December 2022 to 23 million by June 2025, signalling notable progress in financial inclusion.
Speaking at the 50th Advisory Council of the Central Bank in Pemba, Governor Rogério Zandamela attributed the growth to the modernisation of the National Payment System, improved interoperability between digital payment platforms and commercial banks, and enhanced financial education and consumer protection. He highlighted the increasing integration of digital financial services into the daily lives of Mozambican households.
Zandamela also noted significant improvements in monetary and credit conditions. The monetary policy interest rate (MIMO) was reduced cumulatively by 750 basis points to 9.75% in September 2025, the lowest since its introduction in 2017, while the commercial banks’ Prime Rate fell by 470 basis points to 16.50%. Credit to the economy showed a 1% annual recovery in September 2025, after stagnating the previous year. Despite a 3.1% increase in the current account deficit during the first half of 2025, Mozambique’s gross international reserves remained at comfortable levels, reflecting resilience against external shocks and supporting economic stability.