Central Bank (BoSS) Launches South Sudan’s First Real-Time Interbank Payment System
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Bank of South Sudan Headquarters, Juba. |
JUBA, October 10, 2025
The Bank of South Sudan has officially launched the country’s first-ever Interbank Payment and Settlement System (IPSS), a groundbreaking platform that enables banks to process and settle payments instantly 24 hours a day, seven days a week.
The new system, commissioned on Thursday in Juba, marks a major milestone in the country’s financial modernization efforts.
It allows real-time transfer of funds and securities between banks, enhancing efficiency, transparency, and security across the banking sector.
Speaking during the launch, Central Bank officials said the innovation will significantly reduce transaction delays and operational risks caused by manual clearing processes.
The system is also expected to strengthen the bank’s ability to manage liquidity and implement effective monetary policies.
“This system will enable real-time payments and settlements at any time of the day or night, every day of the week,” a senior Central Bank official stated. “It will transform how banks interact, and how customers experience financial services in South Sudan.”
According to the Bank, the platform will promote financial inclusion by extending faster and safer banking services to more people including those in remote areas.
It also opens opportunities for new digital financial innovations, such as mobile banking and online payment systems, which rely on real-time settlement capabilities.
The system will further facilitate interoperability between banks, ensuring customers can seamlessly transfer funds across different institutions.
Analysts believe the move will attract investors, improve business transactions, and boost confidence in South Sudan’s growing financial sector.
However, experts have also cautioned that maintaining a secure, round-the-clock digital platform will require strong cybersecurity measures, continuous monitoring, and adequate staff training to ensure smooth operation.
The launch of the Interbank Payment and Settlement System positions South Sudan alongside other African nations modernizing their financial infrastructure to meet global standards.
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