By Alan Clement
The Bank of South Sudan is set to launch the South Sudan Interbank Payment Settlement System (SSIPSS), a major step toward modernizing the nation’s financial infrastructure.
Central bank Governor Dr. Addis Ababa Othow described the system as a cornerstone of monetary autonomy and a critical tool for strengthening liquidity management and financial transparency.
In a statement issued by the bank, Governor Dr. Addis Ababa Othow said, “This system equips the Bank of South Sudan with an essential tool to manage liquidity, implement effective monetary measures, and safeguard the value of the South Sudan Pound. It is a clear declaration of our monetary autonomy and a reaffirmation of commitment to sound financial management.”
The SSIPSS will enable real-time settlement of large-value transactions, eliminating delays and risks associated with manual payment transfers. According to Governor Othow, “Government payments, interbank lending, and corporate transactions will now take seconds, not hours or days.”
In his full speech, the Governor hailed the system as a historic milestone in South Sudan’s digital transformation journey. He emphasized that the platform will reduce transaction costs, accelerate economic activity, and provide a robust defense against financial crimes. “Every transaction is electronically recorded, leaving a clear audit trail. It is a powerful weapon in our fight against fraud, money laundering, and illicit financial activity,” he stated.
Governor Othow highlighted that beyond its technical benefits, the system plays a vital role in rebuilding confidence among banks, between businesses and financial institutions, and crucially, within the public’s trust in the national financial system.
He also outlined a vision for inclusive growth, where digital payments empower small businesses, farmers, and service delivery. “This is not just a financial infrastructure, it is a promise of a future where salaries are paid instantly, small businesses access credit seamlessly, and farmers receive electronic payments for their produce,” he outlined.
The BoSS Governor called for continued investment in digital literacy and innovation to maximize the benefits of the system, pledging that South Sudan will not be left behind in global financial transformation.