Monrovia, August 4, 2025: One among Liberia’s digital monetary cost service suppliers KanaCash says it welcomes the newest determination by the Central Financial institution of Liberia (CBL) to have uniformity in cash-out charges of two% cost throughout cell cash operators within the nation.
In a press assertion signed by KanaCash Liberia Nation Supervisor, Mrs. Ardour Dayocollins, the money app operators mentioned that the end result of the brand new coverage by the CBL will rely primarily on how rapidly digital service suppliers implement reforms that can make the cost system environment friendly.
Over the previous few months, CBL has been steadily implementing a monetary inclusion program.
As of August 1, 2025, the Financial institution introduced it had carried out a brand new coverage for all cell cash transactions. The coverage established a uniform 2% cash-out charge throughout all service suppliers.
It may very well be recalled that in late April, CBL invited all digital monetary cost service suppliers, together with Fintechs, Cell Cash operators, Banks, and so forth. The objective was to arrange all gamers throughout the digital cost ecosystem for the brand new interoperable system that might be rolled out.
In keeping with the CBL in a current launch, “this transformation is a part of Liberia’s effort to modernize the best way cash strikes throughout the market and scale back dependence on bodily money. The brand new system will allow all Liberians -regardless of their cell community supplier – to ship and obtain cash throughout cell wallets seamlessly. As soon as carried out, prospects will be capable of transact throughout networks in actual time, enhancing comfort, accessibility, and monetary inclusion”.
Nevertheless, Mrs. Dayocollins, within the launch, said that as a matter of urgency, designing and implementing strategic plans that can place KanaCash for clean integration inside an interoperable system is vital to the corporate’s quick, medium, and long-term operational plan.
The digital monetary service suppliers indicated that useful resource mobilization is entrance and middle in attaining the corporate’s objective, which is the development of digital cost techniques.
KanaCash presently remits to over 90 corridors, together with India, Lebanon, Dubai, and China, plus many international locations throughout Africa. The Administration mentioned that as extra corridors can be found to customers of KanaCash, prospects utilizing MoMo will enormously profit from the low charges instituted by CBL.
In the meantime, KanaCash crew has been instructed to design and implement clear packages, which is able to allow the corporate to be totally ready to combine into the interoperable system.
The corporate famous that it’s getting ready to implement insurance policies that the CBL will introduce but additionally place itself to offer assist and steering to the CBL and different gamers throughout the cost ecosystem.
Because the Nationwide Digital Cost Change (NEPS) is being rolled out, KanaCash says it seems to be ahead to working intently with CBL and different digital cost suppliers.
