New Central Bank Chief Calls for Digital Uptake

(JUBA) – The Governor of the Bank of South Sudan, Hon. Samuel Yeni Costa, has said the expansion of digital financial services will be a central part of the country’s plan to modernise its financial sector.

Governor Yeni made the remarks in Juba as he formally assumed office. He said the country needs stronger mobile money, card services and electronic payment channels to reduce the pressure on physical cash. He added that better digital systems make daily transactions faster, improve public trust, and help the economy operate smoothly.

He told staff and invited guests that many countries rely on digital payments for most purchases, which reduces the strain on currency circulation. He noted that South Sudan can benefit from adopting the same approach if businesses and banks improve their digital platforms.

He added that people often say there is no cash, but it is important to remind them that they can still make payments through digital systems. He said stronger digital channels will support currency stability and make financial services more accessible across the country.

First Deputy Governor Samuel Yanga Mikaya said the wider use of digital payments is still limited because many businesses and service providers do not accept them. He urged banks, shops and service centres to be ready to receive digital payments so that customers with money in their mobile or electronic wallets can use their funds without difficulty.

He said that closing the gap between customers and service providers is important to help the financial sector move forward.

Governor Yeni also urged Bank of South Sudan staff to follow principles of fairness, professionalism and transparency. He said these values will help restore public confidence and improve the credibility of the central bank as it works on new reforms.

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