By Stephen G. Fellajuah
Monrovia, December 17, 2025: The Central Financial institution of Liberia (CBL) has launched the Inclusive Immediate Funds System (IIPS), a transformational real-time digital funds platform designed to speed up Liberia’s transition to a extra inclusive digital economic system.
The IIPS is a contemporary, interoperable cost system that permits prompt digital transfers throughout a number of monetary platforms, together with cellular cash suppliers, business banks, and different monetary establishments in Liberia. It’s designed to help quick, safe, and cost-effective digital transactions for people and companies nationwide.
The system was deployed with help from key companions: the Mojaloop Basis, which offered the open-source cost infrastructure; ThitsaWorks, a Singapore-based expertise agency; and the AfricaNenda Basis, which collaborated on implementation and native engagement.
The launch of IIPS marks a number of main milestones, together with full interoperability between cellular cash networks. Customers can now ship cash immediately between platforms comparable to Lone Star Cell MTN and Orange Liberia, one thing that was beforehand not potential.
CBL and its companions highlighted a number of advantages of the brand new system, together with expanded monetary inclusion, notably for rural and underbanked populations that rely closely on cellular cash; diminished reliance on money by way of less complicated digital funds for on a regular basis transactions; and a contemporary monetary infrastructure able to supporting commerce, authorities funds, and future fintech innovation.
The official launch ceremony passed off on December 16, 2025, on the Ministerial Complicated in Congo City, Monrovia, and was attended by key monetary sector stakeholders. President Joseph Nyumah Boakai, Sr. delivered the keynote tackle, reaffirming Liberia’s dedication to digital monetary transformation.
With the launch of the system, the Liberian chief identified that Liberia declare to the world that it’s prepared for digital transformation, including that “Liberians deserve dignity of their monetary transaction.”
He famous that the platform will get rid of leakages, foster transparency, and promote inclusive development throughout the nation and past. In keeping with the President, the system opens doorways to alternative and empowers market ladies to conduct enterprise with out worry.
He emphasised that by way of the inclusive system, authorities funds shall be delivered effectively, making certain that the belief system runs to the folks. He additionally praised the CBL and cellular operators for his or her collaboration.
“I name on all Liberians and enterprise establishments to embrace change,” the President stated, as he reaffirmed his dedication to the ARREST Agenda for Inclusive Growth (AAID).
Govt Governor of the Central Financial institution of Liberia, Henry F. Saamoi, famous that the rollout of IIPS companies will proceed past the official launch, in shut partnership with taking part banks and cellular cash operators.
In the meantime, Augustine Kpehe Ngafuan, Minister of Finance and Growth described the launch as a significant step ahead in advancing the nationwide cost change agenda. He stated the system would create effectivity by easing the burden on civil servants whereas “selling tax compliance and income era.”
Making remarks on the occasion, Maxwell Dodd, Chief Govt Officer of Orange Cash Liberia, stated the brand new system would considerably cut back transaction prices whereas enhancing comfort and availability for patrons.
Equally, Abubakari Halidu, Chief Govt Officer of MTN Cell Cash, defined that the platform will present comfort and safety, assuring customers that their accounts shall be protected. He inspired the general public to make full use of the brand new cost channel. -Edited by Othello B. Garblah/.
