Parliament of Zambia - National Payment Systems Act, 2007


The Parliament of Zambia's National Payment Systems Act, 2007 provides for the management, administration, operation, supervision and regulation of payment, clearing and settlement systems in the country. The act empowers the Bank of Zambia (BoZ) to develop and implement payment, clearing and settlements systems policy so as to promote efficiency, stability and safety of the country's financial system. The act is divided into several parts, and sets forth provisions on the following topics:

1. Payments Systems Regulation
2. Payment Systems Business
3. Presentment and Electronic Transmission of Cheques
4. Settlements
5. General and Enforcement Provisions

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Friday, April 13, 2007
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Parliament of Zambia
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