Lesotho - Country Commercial Guide

Describes what a company needs to know to take advantage of e-commerce in the local market and covers prominent B2B websites.

Last published date: 2021-10-16

The Central Bank of Lesotho provides legal framework on electronic funds.  The Financial Institution Act of 1999, Payment Systems Act, 2014 and Payment Systems (Issuance of Electronic Payments Instruments) Regulations, 2017 are some of the legal tools governing electronic transactions.  Electronic commerce is not widely used in Lesotho; a small but growing percentage of the population has access to the Internet.  The Ministry of Communications has developed proposals for electronic commerce to be more widely developed. Electronic funds transfers are limited to $10,000 per transaction for transfers to local bank accounts, while for external bank accounts the limit is $50 million.