Africa-Press – Liberia. The Central Bank of Liberia (CBL) has announced the upcoming launch of its Inclusive Instant Payment System (IIPS), a groundbreaking platform designed to deliver fast, secure, and affordable digital payments to all Liberians.
Set to launch on December 16, 2025, the IIPS is expected to bridge the country’s financial inclusion gap, drive digital transformation, and reshape Liberia’s financial ecosystem.
Speaking during a one-day media training for journalists, influencers, promoters, and financial agents, CBL Deputy Governor for Operations James Wilfred described the IIPS as a “policy-driven transformation.” He emphasized its significance in modernizing the nation’s financial infrastructure.
“This is about empowering every Liberian. Whether they reside in the bustling capital or a remote village, they will have the capability to send and receive money instantly and securely,” he said.
The IIPS enables real-time interoperability across payment channels. Initially, it will integrate mobile network operators, allowing users to make instant transactions across different platforms. The CBL anticipates that this interoperability will significantly reduce transaction costs, expanding access to financial services for a broader segment of the population.
Beyond the immediate benefits to consumers, the CBL believes the IIPS will spur innovation among payment service providers nationwide. The system is expected to stimulate competition and encourage the development of new and improved financial products and services, ultimately fostering a more dynamic and competitive financial market.
The launch forms a central pillar of Liberia’s national financial inclusion strategy and aligns with broader development goals. By widening access to financial services, the initiative aims to boost economic activity, empower small businesses, and contribute to overall national growth.
Recognizing the crucial role of public understanding and adoption, Deputy Governor Wilfred underscored the importance of media engagement in the rollout. “Your engagement will help Liberians see the benefits clearly and build trust,” he told journalists, noting that media outreach is especially vital for educating citizens in rural communities about the system’s functionality and security.
Also speaking, Payment Systems Director Miatta Kuteh explained the operational benefits of the IIPS. “Inclusive Instant Payment means transfers happen immediately,” she said, stressing that the platform’s speed “strengthens financial access and supports economic growth, core goals of the Central Bank.”
The CBL envisions that the IIPS will position Liberia as an emerging leader in digital financial innovation, demonstrating both its commitment to technological advancement and its dedication to building a more inclusive and prosperous economy.
By bringing millions of Liberians into a faster and fairer financial ecosystem, the IIPS marks a major milestone in the country’s digital transformation journey.
With the December 16 launch approaching, the public awaits what many expect to be the dawn of a new era in Liberian finance—one that ensures seamless transactions for users across all mobile money platforms.
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