Payment Aggregation Service Provider — Zambia
The Zambia category mapped to payment processing.
Regulator: Bank of Zambia.
NPS Act 2026: facilitates intermediary collection of customer funds for payment of goods/services (aggregation accounts, no e-money issuance). Facts conditional on register availability.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-24 · unchanged since the previous check.
Licensed providers
3 entities| # | Provider | Status (as reported) | Source | Source date |
|---|---|---|---|---|
| 1 | Broadpay Zambia Limited | authorized | Bank of Zambia | not dated |
| 2 | Cgrate Zambia Limited | authorized | Bank of Zambia | not dated |
| 3 | Spargris Zambia Limited | authorized | Bank of Zambia | not dated |
Reading the tables
- not dated
- — the official source publishes no date of its own. We show our own last-checked date instead of inventing one for the regulator.
Licence requirements
What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.
| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | Not officially published: No published number. Delegated to BoZ; applicant evidences initial capital but no ZMW minimum stated. | National Payment System Act, 2026 (Act No. 5 of 2026) — enabling Act, categories + delegation | 2026-04-08 |
| Local presence / incorporation | Same as EMI: body corporate, PACRA, ZICA auditor, local bankers; foreign-company route (s.14(2)). Verbatim“A person that is not a corporate shall not be issued with a licence under this Act. … may be granted to a foreign company registered in the Republic if the … foreign company is a payment service provider in the country where the … principal place of business is located…” | National Payment System Act, 2026 (Act No. 5 of 2026) — enabling Act, categories + delegation | 2026-04-08 |
| Timeline | Processing ≤ 90 days; validity indefinite; 18-month commencement. Verbatim“…within a period of ninety (90) days from the date of receipt of the duly completed application. … A licence issued under this Act shall remain valid unless suspended or cancelled by the Bank or surrendered by a licensee. … A licensee shall commence a business … within eighteen months from the date a licence is granted…” | BoZ, Requirements for Designating a Payment System, February 2025 | 2025-02 |
| Local ownership | No local-shareholding %; majority-Zambian-resident board. Verbatim“(a) … a minimum of three (3) board members … (c) Majority of the number of appointed directors shall be resident in Zambia.” | BoZ, Requirements for Designating a Payment System, February 2025 | 2025-02 |
| Fees | Not officially published: Prescribed application fee + annual designation fee — no amounts published. | National Payment System Act, 2026 (Act No. 5 of 2026) — enabling Act, categories + delegation | 2026-04-08 |
| Ongoing obligations | Hold merchant funds in an aggregation collection account at a bank/FI/EMI; balance held ≥ outstanding liabilities to customers; not deposit-taking; AML/KYC. Verbatim“hold funds on behalf of a merchant in an aggregation collection account in a bank, financial institution or an electronic money institution … ensure that the amount held … is not less than the outstanding liabilities to customers.” | National Payment System Act, 2026 (Act No. 5 of 2026) — enabling Act, categories + delegation | 2026-04-08 |
Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
The equivalent in other markets
Categories mapped to the same normalized activity —
fintech:PAYMENT_PROCESSING:
- → Payment Solution Service Provider (PSSP) Authorisation (Nigeria)
- → Switching & Processing Licence Category (Nigeria)
- → Electronic Retail Payment Service Provider (Kenya)
- → Payment Service Provider (Enhanced) (Ghana)
- → Payment Service Provider (Medium) (Ghana)
- → Payment Service Provider (Standard) (Ghana)
- → Third Party Payment Provider (South Africa)
- → System Operator (South Africa)
- → Payment Service Provider (Tanzania)
- → Payment Service Provider (Uganda)
- → Aggregator (Rwanda)
- → Établissement de paiement (Benin)
- → Établissement de paiement (Burkina Faso)
- → Établissement de paiement (Côte d'Ivoire)
- → Établissement de paiement (Guinea-Bissau)
- → Établissement de paiement (Mali)
- → Établissement de paiement (Niger)
- → Établissement de paiement (Senegal)
- → Établissement de paiement (Togo)
- → Payment System Operator (POS & Payment Gateway Operator) (Ethiopia)
- → Établissement de paiement (Cameroon)
- → Établissement de paiement (Central African Republic)
- → Établissement de paiement (Congo-Brazzaville)
- → Établissement de paiement (Gabon)
- → Établissement de paiement (Equatorial Guinea)
- → Établissement de paiement (Chad)
- → Établissement de paiement offrant des produits et services de paiement (Morocco)
- → Electronic payment processing (EFT / payment gateway) (Zimbabwe)
- → Agrégateur (prestataire de services connexes de paiement) (DR Congo)
- → Agregador de pagamento (Mozambique)
- → Sociedade Prestadora de Serviços de Pagamentos (Angola)
- → Payment Service Provider (Mauritius)
- → Third-party payment service provider (Namibia)
- → Payment facilitator service provider (Namibia)
- → Account Based Payment Services (Botswana)
- → Payment Service Provider (Other PSP) (Malawi)
- → Établissement de paiement (Tunisia)
- → Établissement agrégateur de paiement (fournisseur de plateforme de paiement) (Burundi)
- → Payment service provider (The Gambia)
- → Payment service provider (Seychelles)
- → Instituição de pagamento (Cabo Verde)
- → Payment service provider (Sierra Leone)