South Sudan's English Daily Newspaper
"We Dare where others fear"
By Awan Achiek
The Governor of the Bank of South Sudan (BoSS), Dr. Addis Ababa Othow, has stated that digital payment is a key factor in achieving financial inclusion in the country.
Dr. Othow made these remarks during a meeting with the Chamber of Commerce and other stakeholders last week.
The discussion focused on improving access to and promoting digital payments in the financial sector to boost the economy.
“Digital payment systems increase efficiency, improve cash flow, and promote financial inclusion,” BoSS stated in a message posted on its Facebook page last week.
He underscored the importance of digital banking.
Ladu Lukak, Chairperson of the National Chamber of Commerce and Industry, reiterated their willingness to embrace digital banking.
“Therefore, I will have a meeting with traders to encourage them to adopt it as a means of payment in the country,” Lukak said.
Meanwhile, Betty Angasi, Chief Executive Officer of the Bankers Association, stressed the need for inclusive public awareness campaigns on digital banking.
“As commercial banks, we are encouraging collaboration with other financial stakeholders to raise awareness on the importance and use of online banking. Every shop must adopt digital payments to ease transactions in the market,” Angasi said.
In February 2025, the central bank launched the country’s first National Instant Payment System (NIPS) in collaboration with the AfricaNenda Foundation.
The project marks a pivotal milestone in the modernisation of South Sudan’s financial and payment infrastructure, advancing the bank’s commitment to providing enhanced financial services for all citizens.
The initiative is also aligned with broader efforts to integrate other critical infrastructures, such as the Automated Clearing House (ACH), Real-Time Gross Settlement (RTGS) systems, and Instant Fund Transfer (IFT).
The National Instant Payment System is designed to enable real-time, secure, and cost-effective transactions, promoting interoperability between banks, mobile money providers, and other financial institutions.
