South Sudan is taking part in regional discussions on modernising digital payment systems as African central bank governors explore ways to make financial transactions faster, more affordable and more accessible.

Bank of South Sudan Governor Dr Addis Ababa Othow joined fellow African central bank governors at an International Monetary Fund meeting in Bangkok, Thailand, where digital payment innovation and regional financial integration were among the key topics.

According to the Bank of South Sudan’s public broadcaster, the discussions focused on upgrading payment infrastructure, improving cross-border financial connectivity and harmonising regulatory frameworks between countries.

The proposed improvements could help financial institutions process transactions more efficiently, reduce transfer costs and support businesses that trade across national borders.

For South Sudan, stronger digital payment systems could create opportunities to expand financial inclusion, particularly for people and businesses that face barriers to accessing traditional banking services. More efficient electronic payments could also support trade, mobile financial services and the growth of digital businesses.

However, the discussions do not confirm that a new regional payment platform has been launched or that transaction fees have already been reduced. Any practical changes will depend on regulatory cooperation, technical infrastructure, security safeguards and implementation by participating financial institutions.

As African economies increasingly explore digital finance, South Sudan’s participation highlights the importance of modern payment technology in connecting businesses, consumers and financial institutions across the region.