Mozambican pensioners now receive payments through the banking system

All state pensioners in Mozambique transitioned to receiving their pensions via the banking system by 2025, culminating a five-year process that covers 241,169 beneficiaries, according to official data accessed today by Lusa. According to the latest Financial Inclusion Report featuring 2025 data, compiled by the Bank of Mozambique, the modernization of social payments achieved 100% banking coverage for all pensioners registered under the state mandatory social security system. The document notes that the modernization of social payments culminated in the total banking integration of state pensioners.

The Bank of Mozambique considers this outcome one of the primary achievements registered in 2025 under the National Financial Inclusion Strategy (ENIF 2025–2031), amid broader national efforts to expand population access to formal financial services. The report emphasizes that financial inclusion continued to register progress over the past year, driven predominantly by the digitization of financial services and the expansion of mobile money, with the total number of access points growing 36% to 482,359 locations nationwide. The central bank underscores that financial inclusion serves as a relevant instrument for economic and social development, giving the population access to safe, formal financial services, including savings mechanisms, payments, and transfers.

Despite these advances, the monetary authority acknowledges persistent challenges related to regional and gender disparities, as well as the need to strengthen financial literacy, digitization, and consumer protection for financial services. According to the report, prospects remain positive, with expectations of continued expansion of digital channels and deeper integration of vulnerable groups into the formal financial system under the implementation of the National Financial Inclusion Strategy 2025–2031.