Average Payment Services Specialist Salary in Mozambique for 2024

In this article, we will look at the average Payment Services Specialist salary for 2024 in Mozambique and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Mozambican metical. To keep things simple, we are using the MZN currency code instead of the currency symbol MT.

How Much Does a Payment Services Specialist Make in Mozambique?

A Payment Services Specialist working in Mozambique will typically earn around 487,600 MZN per year, and this can range from the lowest average salary of about 238,900 MZN to the highest average salary of 759,300 MZN.

Average Annual Salary
487,600 MZN
Average Monthly Salary
40,633 MZN

Lowest Annual Salary
238,900 MZN
Lowest Monthly Salary
19,908 MZN

Highest Annual Salary
759,300 MZN
Highest Monthly Salary
63,275 MZN

These are average salaries for a Payment Services Specialist in Mozambique and include benefits such as housing and transport. It's also possible for a Payment Services Specialist to earn more or less than the average salaries shown above.

Payment Services Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Payment Services Specialist Salaries in Mozambique

So we've looked at the average salaries a Payment Services Specialist will earn in Mozambique. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payment Services Specialist can earn between 238,900 MZN and 759,300 MZN on average in Mozambique. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Payment Services Specialist in Mozambique is 498,500 MZN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 498,500 MZN, and 50% of the population earn more than 498,500 MZN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Payment Services Specialist salary in Mozambique, 25% of the population are earning less than 330,900 MZN while 75% of the population earn more than 330,900 MZN.

75% of the population earn less than 643,400 MZN, and 25% of the population earn more than 643,400 MZN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Payment Services Specialist Salary by Experience Level in Mozambique

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average payment services specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Payment Services Specialist in Mozambique that has less than two years of experience can expect to earn somewhere in the region of 282,300 MZN.
  • 2 - 5 Years Experience. With two to five years of experience the average Payment Services Specialist salary would increase to 365,400 MZN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payment Services Specialist, the average salary would be 501,400 MZN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 623,200 MZN.
  • 15 - 20 Years Experience. A Payment Services Specialist with 15 to 20 years of experience can earn an average of 667,400 MZN.
  • 20+ Years Experience. For a Payment Services Specialist with more than 20 years, the expected average salary increases to 710,500 MZN.

Average Salary by Experience Chart

0-2 Years
282,300 MZN
2-5 Years +29%
365,400 MZN
5-10 Years +38%
501,400 MZN
10-15 Years +24%
623,200 MZN
15-20 Years +7%
667,400 MZN
20+ Years +7%
710,500 MZN

Payment Services Specialist Salary by Education Level in Mozambique

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Payment Services Specialist in Mozambique based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Payment Services Specialist in Mozambique with a bachelor's degree education can earn an average salary of 353,600 MZN.

  • Master's Degree. A Payment Services Specialist in Mozambique with a master's degree education can earn an average salary of 566,900 MZN.

Average Salary by Education Chart

Bachelor's Degree
353,600 MZN
Master's Degree +60%
566,900 MZN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Mozambique is around 201,000 to 603,000 MZN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Payment Services Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Mozambique, a male payment services specialist will earn an average of 504,500 MZN, while a female payment services specialist will earn around 459,700 MZN.

This means that a male payment services specialist earns approximately 10% more than a female payment services specialist for performing the same job.

Average Salary by Gender Chart in Mozambique

Male
504,500 MZN
Female -10%
459,700 MZN

Payment Services Specialist Average Pay Raise in Mozambique

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Payment Services Specialist in Mozambique is around 7% every 29 months.

The national average pay raise across all professions and industries in Mozambique is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Payment Services Specialist in Mozambique can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Mozambique for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Mozambique.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Payment Services Specialist Bonus and Incentive Rates in Mozambique

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Payment Services Specialist is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
38%
No Bonus
62%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Mozambique earn approximately 14% more than private sector employees in the same role.

Public Sector
522,700 MZN
Private Sector -14%
459,700 MZN

Salaries for Jobs Similar to a Payment Services Specialist

In the table below, we have salary information for jobs that are similar to a Payment Services Specialist in Mozambique.

Job Title Category Salary
Actuarial Analyst Insurance 658,300 MZN
Actuarial Assistant Insurance 437,900 MZN
Actuarial Specialist Insurance 466,900 MZN
Actuary Insurance 672,600 MZN
Adjustment Insurance Clerk Insurance 174,000 MZN
Assistant Broker Insurance 312,400 MZN
Assistant Claims Manager Insurance 524,400 MZN
Associate Insurance Representative Insurance 263,200 MZN
Auditing Insurance Manager Insurance 731,700 MZN
Broker Insurance 496,100 MZN
Claim Advocacy Professional Insurance 498,000 MZN
Claims Adjuster Insurance 172,200 MZN
Claims Analyst Insurance 254,700 MZN
Claims Examiner Insurance 239,300 MZN
Claims Manager Insurance 688,900 MZN
Claims Processor Insurance 172,200 MZN
Claims Representative Insurance 212,500 MZN
Claims Resolution Specialist Insurance 510,000 MZN
Claims Supervisor Insurance 480,600 MZN
Complaints Specialist Insurance 433,400 MZN
Compliance Examiner Insurance 466,300 MZN
Compliance Officer Insurance 375,200 MZN
Compliance Reviewer Insurance 433,400 MZN
Consultant Insurance 489,500 MZN
Eligibility Interviewer Insurance 518,900 MZN
Eligibility Specialist Insurance 510,000 MZN
Insurance Account Manager Insurance 589,400 MZN
Insurance Accounts Executive Insurance 528,600 MZN
Insurance Adjuster Insurance 454,900 MZN
Insurance Agent Insurance 282,300 MZN
Insurance Analyst Insurance 471,700 MZN
Insurance Appraiser Insurance 464,400 MZN
Insurance Claims Clerk Insurance 180,500 MZN
Insurance Examiner Insurance 466,300 MZN
Insurance Investigator Insurance 454,300 MZN
Insurance Manager Insurance 819,000 MZN
Insurance Operations Manager Insurance 846,500 MZN
Insurance Policy Processing Clerk Insurance 187,300 MZN
Insurance Pricing Assistant Insurance 375,200 MZN
Insurance Program Manager Insurance 648,200 MZN
Insurance Project Manager Insurance 623,700 MZN
Insurance Quality Assurance Agent Insurance 421,400 MZN
Insurance Sales Agent Insurance 282,500 MZN
Insurance Sales Director Insurance 762,400 MZN
Insurance Sales Manager Insurance 606,400 MZN
Insurance Sales Representative Insurance 261,300 MZN
Insurance Team Leader Insurance 528,500 MZN
Insurance Underwriter Insurance 369,900 MZN
Loss Control Specialist Insurance 448,500 MZN
Loss Prevention Investigator Insurance 504,300 MZN
Loss Prevention Manager Insurance 672,600 MZN
Loss Prevention Specialist Insurance 516,100 MZN
Marine Underwriter Insurance 361,600 MZN
Medical Auditor Insurance 485,300 MZN
Monitoring and Performance Officer Insurance 352,000 MZN
Policy Change Director Insurance 785,400 MZN
Policy Change Supervisor Insurance 516,100 MZN
Policy Change Technician Insurance 240,500 MZN
Risk Analyst Insurance 555,800 MZN
Risk Management Director Insurance 915,100 MZN
Risk Management Supervisor Insurance 618,800 MZN
Risk Manager Insurance 874,300 MZN
Risk Modeling Manager Insurance 913,400 MZN
Title Insurance Typist Insurance 399,900 MZN
Training Manager Insurance 541,700 MZN

Salary Comparison by City

If you want to compare salaries with different cities in Mozambique, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Beira 467,700 MZN
Maputo 516,100 MZN
Matola 489,500 MZN
Nampula 433,400 MZN

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