Mozambique’s instant payments system Metix recorded 300% growth in average daily transactions since its launch in March 2026, rising from around 3,000 to 12,000 operations in October. The Bank of Mozambique said the trajectory reflects growing adoption of digital financial services across the country.

The figures were presented on Wednesday, 28 October, by Bank of Mozambique Governor Felisberto Navalha at the opening of the institution’s 51st Advisory Council meeting, held in Tete province, according to Lusa.

“In March of this year we launched Metix, Mozambique’s first Instant Payments System, which enables interbank transfers in real time, 24 hours a day, seven days a week,” Navalha said.

According to the governor, use of the platform quadrupled in seven months. “Since then, the average daily number of transactions has increased from around 3,000 operations to approximately 12,000 in October 2026, reflecting growing adoption of this system,” he said.

Metix was officially launched on 16 March by the then central bank governor, Rogério Zandamela, following approximately two years of development as part of the modernisation of the National Payments System.

Permanent Transfers and Zero Fees for Retail Customers

The platform allows money to be transferred between accounts at different banks within seconds, at any time, including weekends and public holidays. Transactions carried out by individual customers are exempt from fees — a measure designed to facilitate access to the service and encourage the use of digital payments.

Access is provided through banks’ mobile applications, internet banking services, and USSD channels. The latter option allows transactions to be performed on mobile phones without an internet connection, broadening usability for customers who do not have smartphones or permanent network access.

Operated by the Sociedade Interbancária de Moçambique (SIMO), the system was designed to integrate commercial banks, microbanks, electronic money institutions, and other payment service providers authorised by the central bank.

The model also envisages mandatory participation by institutions operating mobile wallets, with the aim of strengthening interoperability and facilitating the movement of funds between the different financial services available in the country.

Despite the growth in the number of transactions, the total value moved through the platform and the number of active users were not disclosed on this occasion.