By: Jeremiah Binda
The Central Bank of Liberia (CBL) is poised to roll out a major overhaul of the country’s payment ecosystem with the introduction of the Inclusive Instant Payment System (IIPS), a digital platform aimed at delivering fast, secure, and affordable financial transactions to all Liberians.
Speaking at a media engagement ahead of the official launch scheduled for December 16, CBL Deputy Governor for Operations, James Wilfred, described the system as a “policy-driven transformation” intended to address longstanding gaps within Liberia’s financial infrastructure.
According to the Bank, the IIPS will support real-time interoperability across multiple payment channels, beginning with mobile network operators.
The platform is expected to reduce transaction costs, strengthen consumer trust, and encourage innovation among payment service providers. Officials say the initiative is a central component of Liberia’s financial inclusion strategy and broader national development goals.
Wilfred underscored the critical role of the media in shaping public understanding and adoption of the new system. “Your engagement will help Liberians see the benefits clearly and build trust,” he told journalists.
Providing a technical overview, CBL Director of Payment Systems, Miatta Kuteh, emphasized that instant payments allow transactions to be completed immediately.
“That speed strengthens financial access and supports economic growth, which are core goals of the Central Bank,” she said.
With the launch of the IIPS, the CBL aims to strengthen Liberia’s leadership in digital finance and expand nationwide access to a faster, more inclusive, and more equitable economy.
