The Bank of South Sudan (BoSS) is engaging with the Central Bank of the United Arab Emirates (UAE) in discussions aimed at modernizing the country’s financial and payment systems.
The three-day meeting in Juba focuses on advancing the
implementation of a domestic card scheme, strengthening the national payment
system, improving transaction efficiency and security, and expanding digital
financial services.
“The partnership will establish and operate a domestic card
switch, to bolster the country’s financial infrastructure and support
sustainable economic growth,” said Mr. Akum David Sabhaker, Director for
National Payment System at BoSS
The discussions build on a Memorandum of Understanding (MoU)
signed in August 2025 between BoSS and the UAE Central Bank. The agreement
provides for cooperation in payment systems, security printing, and financial
technology.
Under the MoU, the UAE Central Bank will support South Sudan
through innovative security printing solutions for banknotes via its subsidiary
Oumolat and assist in developing a domestic payment card system through Al
Etihad Payments.
The MoU outlines a two-phase approach: the first phase
focuses on switching and processing payment card transactions within South
Sudan in line with international standards, while the second phase aims to
develop local infrastructure for domestic card transaction processing.
It also includes technical support, staff training, and exchange of expertise through the Emirates Institute of Finance.
