New Bank Governor Calls for Wider Use of Digital Payments

(JUBA) – The newly appointed Governor of the Bank of South Sudan, Hon. Samuel Yeni Costa, has called for wider use of digital financial services as part of efforts to modernise the country’s financial sector and reduce pressure on physical cash.

Speaking during his first address after taking office on 18 November, Governor Yeni said greater use of mobile money, card payments and other electronic systems would help improve efficiency, strengthen public trust in the financial sector and support broader economic stability.

He said that many people often speak of cash shortages, yet the country has alternative payment options that remain underused.

He pointed out that in countries such as the United States, most purchases are carried out through digital platforms, which helps maintain smooth transactions even when cash is limited:

“When people say there is no cash, we must remind them that there is an alternative. Digital payment systems offer a reliable solution that reduces dependence on physical currency. Strengthening our digital platforms will help ensure that our currency keeps its value and stays accessible to everyone.”

First Deputy Governor Samuel Yanga Mikaya also spoke about the need to address gaps that continue to limit the use of digital payments, especially within the business community.

He noted that although many customers already store funds in their digital wallets, some service providers are still not prepared to accept these forms of payment:

“We need to address this so that when customers have money in their digital wallets, service providers are also ready and able to deliver the services. This is the challenge we must work on.”

Governor Yeni further encouraged Bank of South Sudan staff to uphold professionalism, fairness and transparency, saying these values are vital to restoring confidence in the institution. He added that strong performance within the central bank will help strengthen the country’s wider financial system.

No local currency figures were mentioned during the event, and no financial commitments were announced.

Central Bank Calls for Broader Card and Mobile Use