{"id":46816,"date":"2026-08-11T16:09:15","date_gmt":"2026-08-11T14:09:15","guid":{"rendered":"https:\/\/www.onecitizendaily.com\/?p=46816"},"modified":"2026-08-11T16:11:08","modified_gmt":"2026-08-11T14:11:08","slug":"boss-reviews-legal-framework-for-south-sudans-national-payment-system","status":"publish","type":"post","link":"https:\/\/www.onecitizendaily.com\/index.php\/2026\/08\/11\/boss-reviews-legal-framework-for-south-sudans-national-payment-system\/","title":{"rendered":"BoSS reviews legal framework for South Sudan\u2019s National Payment System"},"content":{"rendered":"

By Ngor Deng Matem<\/strong><\/em><\/p>\n

The Bank of South Sudan (BoSS) on Monday commenced a five-day stakeholder workshop to review and validate the National Payment System Bill, 2025, as part of efforts to strengthen the legal and regulatory framework governing payment services in South Sudan.<\/p>\n

The workshop brings together representatives from government institutions, financial institutions, payment service providers, and development partners to review the proposed legislation and provide technical recommendations.<\/p>\n

The proposed bill seeks to establish a comprehensive framework for regulating payment systems and service providers while promoting safe, efficient, and resilient financial transactions.<\/p>\n

Weituy Luony Babuoth, Deputy Governor for Administration and Finance at BoSS, officially opened the workshop, emphasising the importance of a strong regulatory framework to the development of the country\u2019s payment sector.<\/p>\n

Deputy Governor Luony said the proposed legislation would strengthen oversight of payment systems and service providers while supporting financial stability and expanding access to modern payment services.<\/p>\n

Abuk Payiti Ayik, Deputy Speaker for Administration and Finance of the Revitalised Transitional National Legislative Assembly (R-TNLA), expressed the Legislative Assembly\u2019s readiness to support the legislative process and work with relevant stakeholders to advance the proposed Bill.<\/p>\n

She said effective collaboration among institutions would be important in ensuring that the legislation provides a sound foundation for regulating the country\u2019s payment systems and supporting the growth of the financial sector.<\/p>\n

Akum David Sabahker, Director of the National Payment System at BoSS, said an effective national payment system is fundamental to the development of a modern financial sector.<\/p>\n

He said the proposed framework would promote secure and efficient transactions, strengthen consumer confidence, and create an enabling environment for innovation in digital financial services.<\/p>\n

The bill covers key areas of the payment ecosystem, including real-time gross settlement systems, mobile money, electronic money, and payment switches. It also provides for licensing and supervision, consumer protection, and measures to manage systemic risks.<\/p>\n

The five-day validation workshop is expected to identify areas requiring further technical and regulatory refinement and generate recommendations to strengthen the bill ahead of its next stage of consideration.<\/p>\n

Stakeholders will undertake a detailed review of the proposed provisions throughout the week, with their input expected to contribute to the development of a robust and effective national payment system framework.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Ngor Deng Matem The Bank of South Sudan (BoSS) on Monday commenced a five-day stakeholder workshop to review and validate the National Payment System Bill, 2025, as part of efforts to strengthen the legal and regulatory framework governing payment services in South Sudan. The workshop brings together representatives from[Read More…]<\/a><\/p>\n","protected":false},"author":5,"featured_media":46817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,84,85,80,79,86],"tags":[],"class_list":["post-46816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-markets","category-national","category-news","category-technology-business"],"jetpack_featured_media_url":"https:\/\/www.onecitizendaily.com\/wp-content\/uploads\/2026\/08\/Bank-officials-courtesy-photo.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/46816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=46816"}],"version-history":[{"count":2,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/46816\/revisions"}],"predecessor-version":[{"id":46819,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/46816\/revisions\/46819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/46817"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=46816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=46816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=46816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}