News

Building a Smoother Path to Instant Payments in Ethiopia

Ethiopia has been steadily advancing its digital payments landscape over the past few years. Banks, microfinance institutions, and new market players are working hard to offer customers faster and more reliable ways to move money. But as the sector grows, many institutions face the same behind-the-scenes challenge: connecting their systems to the national Instant Payment System (IPS) in a way that is simple, secure, and doesn’t require major internal restructuring.

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5 February 2025

Bank of South Sudan Launches the Country’s First National Instant Payment System

Juba, February 3rd, 2025 - The Bank of South Sudan (BOSS) is proud to announce a groundbreaking initiative to launch the country’s first National Instant Payment System (NIPS), in collaboration with the AfricaNenda Foundation. This transformative project marks a pivotal milestone in the modernization of South Sudan’s financial and payment infrastructure, advancing the bank’s commitment to providing enhanced financial services for all citizens.

13 February 2024

Ground set to ease access to digital financial services and expansion of digital public infrastructure in Africa.

Addis Ababa - February 13th, 2024 - In a world increasingly reliant on digital connectivity, access to financial services remains a crucial determinant of economic empowerment and social development. Unfortunately, millions of Africans are excluded from the formal financial system, trapped in a cycle of poverty and limited opportunities, principally because of limited investments in digital infrastructure especially in our rural areas.