By Deng Athian
The chairman of National Chamber of commerce Mr. Ladu Lukak encouraged the business people to adopt digital banking as secure means of transactions.
Lukak was speaking in a meeting convened at the Bank of South Sudan between the Governor Dr. Addis Ababa, Deputy Governor of the Bank, Chief Executive Officer of Bankers Association among other participants.
“I am encouraging the businesspeople to accept the use of online transaction (MoMo, Digi-cash, Mgurus) as a secure means of payment,” Lukak emphasised.
Meanwhile, Dr. Addis Ababa, the Governor of the Bank of South Sudan described the digital banking as importance towards financial inclusion.
“Benefits of digital payment are many, but what is importance is the benefits of having bank account,” Governor Addis Ababa said.
The Chief Executive Officer of Bankers Association Madam Betty Angasi expressed readiness to support the public awareness on the use and importance of digital payment.
“As commercial banks, we are encouraging the collaboration with other finance stakeholders to join hands to raise awareness on the importance of digitalisation. We need to encourage every shop to adopt the digital payment to ease transactions in the market,” Betty said.
Digital banking encompasses a wide range of financial services delivered through the digital channels such as mobile application.
However, the scarcity of liquidity at the Bank of South Sudan and across commercial banks stems from a combination of weak productivity, informal revenue management, and public distrust in formal financial institutions has increasingly formed fear of using digital system by the people.