Mozambique banks in a crisis over debt standoff

A bank customer makes a transaction at an automated teller machine. The banking sector in Mozambique plunged into a crisis on November 16, 2018 over a debt claim by Portuguese service provider Bizfirst. FILE | NATION MEDIA GROUP

Mozambique's electronic banking system has been plunged into a crisis over a debt claim by the service provider, the media reported.

The O País newspaper quoted the Bank of Mozambique Governor, Mr Rogério Zandamela, blaming the Portuguese firm, Bizfirst, for the crisis.