{"id":94916,"date":"2026-02-25T16:29:12","date_gmt":"2026-02-25T16:29:12","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/central-bank-launches-payment-systems-advisory-committee"},"modified":"2026-02-25T18:09:23","modified_gmt":"2026-02-25T18:09:23","slug":"central-bank-launches-payment-systems-advisory-committee","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/central-bank-launches-payment-systems-advisory-committee","title":{"rendered":"Central Bank Launches Payment Systems Advisory Committee"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong> <\/span>h<\/b>
\nThe Central Bank of The Gambia (CBG) Monday launched Payment Systems Advisory Committee (NPSAC), a step aimed at strengthening the country\u2019s digital payment infrastructure.<\/b><\/p>\n

The launch ceremony was held at the SDJK Conference Centre in Bijilo. Speaking at the event, Minister of Communications and Digital Economy Lamin Jabbi said the government was expanding digital transformation through initiatives such as digital identity, e-government services, government mobile applications, a second submarine cable, and unified payment gateways.<\/p>\n

\u201cPayment systems are essential components of any modern economy,\u201d he said. \u201cIt is imperative for stakeholders to plan, design, and implement payment system reforms in a holistic manner. We need a strong and coordinated payment ecosystem that is inclusive and ensures that no Gambian is left behind.\u201d<\/p>\n

Minister Jabbi highlighted the role of digital payments in the global economy, noting that \u201cthe tap of a telephone or the scan of a QR code is not just convenient; it is a backbone of a global revolution, representing the fastest migration of value and mobilization of financial resources in human history.\u201d<\/p>\n

CBG Governor, Buah Saidy commended stakeholders for participating in what he described as a pivotal milestone in the country\u2019s financial sector. He outlined the bank\u2019s progress in modernizing financial infrastructure, including upgrading the real-time gross settlement (RTGS) system, enhancing the automated clearinghouse, and supporting the growth of mobile money and other digital channels.<\/p>\n

\u201cThese efforts are not merely technical upgrades,\u201d Governor Saidy said. \u201cThey respond to the aspirations of Gambians for seamless, secure, and instant transactions. However, challenges remain, including cyber-security threats, mobile money fraud, and gaps in scalability and interoperability between banks, fintechs, and other players.\u201d<\/p>\n

He explains that the NPSAC\u2019s mandate is to advise the central bank on regulation and oversight, while also ensuring that the country\u2019s payment infrastructure is safe, efficient, inclusive, and forward-looking.<\/p>\n

Karamo Jawara, Director of Banking and Payment Systems at CBG, described the launch as a statutory requirement and a demonstration of shared commitment to institutional cooperation and sustainable economic development. He says the committee\u2019s working groups will provide expertise to address current and emerging challenges in the payment systems landscape.<\/p>\n

\u201cThis committee will play a key advisory role in shaping the regulation, oversight, and development of payment systems to meet the evolving needs of our economy,\u201d he said, urging members to approach their work with partnership, innovation, and a shared sense of purpose.<\/p>\n

Commissioner General of the Gambia Revenue Authority (GRA), Yankuba Darboe, said a well-integrated national payment system would benefit not only tax administration but also the broader financial sector. He noted that digitalization and banking systems have enabled GRA to increase annual revenue collection from around 5\u20136 billion dalasi without raising tax rates, by broadening the tax base and reducing leakages.<\/p>\n

Find more news and analyses on Gambia<\/span> on the Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. h The Central Bank of The Gambia (CBG) Monday launched Payment Systems Advisory Committee (NPSAC), a step aimed at strengthening the country\u2019s digital payment infrastructure. The launch ceremony was held at the SDJK Conference Centre in Bijilo. Speaking at the event, Minister of Communications and Digital Economy Lamin Jabbi said the government […]<\/p>\n","protected":false},"author":84,"featured_media":94914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-94916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"\nCentral Bank Launches Payment Systems Advisory Committee - Gambia<\/title>\n<meta name=\"description\" content=\"-article-header-tag"> Africa-Press - Gambia. hThe Central Bank of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/central-bank-launches-payment-systems-advisory-committee\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank Launches Payment Systems Advisory Committee\" \/>\n<meta property=\"og:description\" content=\"-article-header-tag"> Africa-Press - 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