In a bid to enhance financial inclusion and ease financial access, the Bank of Sierra Leone (BSL) will on Saturday, April 29, 2023, launch the National Payment Switch at the Bank Complex in Freetown.
The Bank of Sierra Leone (BSL) has announced an extension to the deadline for all Financial Institutions and Fintechs to integrate into the National
The National Payment Switch (NPS) was successfully launched on April 29, 2023. The launch marks an important milestone in addressing the issue of interoperability of electronic payments and improving
Leading integrated payments and digital commerce company, Interswitch, has further deepened its expansion beyond the shores of Nigeria with the organisation of its first breakfast
Bank of Sierra Leone is set to launch the National Payment Switch which will ease money transactions and move the country closer to achieving the objective of building a cashless economy.
Sierra Leone is rapidly expanding its digital payment infrastructure as transaction volumes surge and authorities push toward a more seamless, cash-lite economy, the country''s
The Bank Governor, Dr. Ibrahim Stevens, has announced that seven commercial banks in Sierra Leone are now connected to the Instant Payment
The Bank of Sierra Leone has activated the national payment switch, an electronic payment platform that allows individuals and businesses to quickly
Speaking at the event, Akeem Lawal, MD, Payment Processing & Switching, Interswitch Purepay, said: “It is an honor for us at Interswitch to
Thursday will be official implementation of the National Payment Switch, bringing into fruition the President''s vision of easing financial transactions in the country through digital operations.
Interswitch, one of Africa''s leading integrated payments, and digital commerce company, has further deepened its expansion beyond the shores of Nigeria with the organization of its first
The National Switch was first introduced in May 2023 to facilitate seamless card and Point of Sale (POS) transactions. According to Section 5 of
For banks such as the Sierra Leone Commercial Bank, reputed for its community-based relationship banking strategy, the Interswitch solutions could
Africa-Press – Sierra-Leone. As a way to provide a platform that facilitates interconnection and interoperability between payment channels of
Sierra Leone has taken a major step toward digital financial inclusion with the official launch of its National Instant Payment Switch. Enabled by the FASTT program, the new system is set to
By Juliana Adama Vandy: Strategic Communications Unit – MoICE Dr. Ibrahim Steven, Governor of the Bank of Sierra Leone, updated citizens on
The Bank of Sierra Leone has officially launched Salone Payment Switch, its Instant Payment Service, a groundbreaking initiative that will enable
The Sierra Leone Fintech Forum served as a dynamic platform for dialogue, collaboration, and knowledge exchange within the burgeoning fintech
Interswitch, Africa''s leading integrated payments and digital commerce company, has further deepened its expansion beyond the shores of Nigeria with
At its core lies the vision of a financially empowered population, where every Sierra Leonean, regardless of income, gender, or location, can participate in the formal financial system.
The implementation of the National Payment Switch positions Sierra Leone alongside other nations modernizing their financial systems. While the pilot phase of SaPS has already proven
At its core lies the vision of a financially empowered population, where every Sierra Leonean, regardless of income, gender, or location, can participate
Enabled by the FASTT program, the new system is set to transform the country''s financial ecosystem and advance regional economic integration. The switch enables real-time, interoperable transactions
Olubunmi Aina, Group Head of Sales, Payment Processing and Switching, Interswitch Purepay, who set the tone at the Sierra Leonian event,
By Yusufu S. Bangura Interswitch digital company has on Wednesday,November 30,held its maiden breakfast meeting in Sierra Leone and it has expanded its operations in the country in
With the national switch, Memuna will be able to withdraw money from any ATM in Sierra Leone that is connected to the switch, provided also that her bank is also connected to the switch.
By centralizing payment processing through the National Payment Switch, the initiative seeks to modernize Sierra Leone''s payment infrastructure, improve efficiency, and promote
He said promoting inclusive economic growth is a core objective in their transformative vision for the nation and it is a vision that focuses on bringing the benefit of technological progress to
According to the Acting Governor of the Bank of Sierra Leone, Ibrahim Stevens, the switch is a platform that facilitates interconnection and
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