Sociedade Interbancaria De Mocambique (SIMO)
- Geographic Reach
Mozambique
- Gender
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2022
- Ips Type
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Public Private Partnership (PPP)
- Ownership Model
Jointly owned
- System Owner
Banco de Mozambique (central bank) and industry
- Overseer
Banco de Mozambique (central bank)
- System Governance
Executive Committee (BoD) - SIMO
- Operator
SIMO
- Settlement Agent
Banco de Mozambique
- Number Of Unique Ips End Users
-
- Total Number Of Participants2025
19
- Number Of Direct Participants Commercial Banks
16
- Number Of Direct Participants EMoney Issuers
3
- Number Of Direct Participants MFIs
-
- Number Of Direct Participants Other
-
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B , P2G
- Supported Instruments
Credit EFT, Debit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD , POS, ATM
- Qr Code Enabled Type
-
- Messaging Standard
ISO 8583, Proprietary
- Proxy Id
Bank account number , Mobile phone number
- Other Proxy Id Type
-
- Business Model
Not-for-loss
- Pricing Structure
-
- Scheme Rules Public
No
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
Yes
- Api Use Function
Yes
- Startup Funding Source
From the participants of the NETWORK
- Participation In Decision Making
No
- Mechanism For Decision Making
Represented on the Board of Directors
- Ability To Become Direct Participants
No
- Entities That Cannot Participate
Institutions that do not have a clearing account at the Central Bank
- Min Value For Transactions
1 Metical
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request To Pay Enabled
No
- Third Party Connections Enabled
Yes
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Basic
