Financial Inclusion: South Sudan moves to launch country’s first instant payment system

The Bank of South Sudan (BoSS) is set to launch the country’s first National Instant Payment System (NIPS) in collaboration with the AfricaNenda Foundation.

This announcement was contained in a joint statement issued by the Bank of South Sudan and AfricaNenda on Monday.

Following South Sudan’s independence in July 2011, the Bank of South Sudan was established under the Bank of South Sudan Act, 2011.

Since gaining independence, the country has struggled with internal conflicts. However, this initiative by the central bank aims to expand instant payment systems across Africa.

The National Instant Payment System (NIPS) is designed to enable real-time, secure, and cost-effective transactions, promoting interoperability between banks, mobile money providers, and other financial institutions.

As the backbone of South Sudan’s digital payment ecosystem, NIPS will facilitate a wide range of financial transactions, including person-to-person (P2P), person-to-business (P2B),…

More

Leave a Reply

Your email address will not be published. Required fields are marked *

Financial Inclusion: South Sudan moves to launch country’s first instant payment system

 

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.