South Sudan orders all banks to join new payment system
Commercial banks operating in South Sudan must join the South Sudan Interbank and Settlement System by January 31, 2026, or face a $100,000 fine under orders from the central bank. Governor Dr. Addi Ababa Othow issued Circular No. 07 requiring all licensed institutions to integrate with the payment platform, which went live on October 10, 2025, with 13 banks already participating. The Bank of South Sudan warns that institutions failing to comply may encounter additional regulatory consequences and public identification.
The settlement platform supports Real-Time Gross Settlement for large transactions and an Automated Clearing House for routine payments like wages and bills. Operating around the clock, the infrastructure allows immediate money transfers among consumers, companies and agencies. Officials say the network will increase transparency within the banking sector and help prevent illegal financial movements. The central bank derives its authority from Section 12(1) of the Bank of South Sudan Act, which was amended in 2023.
The National Payment Systems Department stands ready to support lenders during the transition period. The mandate represents a significant step in the nation’s push toward digital financial services and improved oversight.
