Press release
The Interoperable Digital Payment Platform for Eswatini Central Bank of Eswatini (CBE) goes live
Casablanca, Morocco - January 8, 2025 - PayLogic is proud to announce the successful go-live of the Eswatini Payment Switch (EPS). This innovative platform is set to transform the nation's financial landscape by enabling real-time, interoperable transactions across all payment service providers, including banks and non-banks.
The EPS aims to facilitate seamless interconnectedness and interoperability among financial institutions, allowing payments to be processed within seconds. This advancement is expected to reduce the reliance on cash, promote a cash-lite economy, and provide 24/7 availability of payment services, including weekends and holidays.
PayLogic, a leading provider of advanced payment solutions, has been instrumental in the development and implementation of the EPS. Their expertise has ensured the deployment of a robust and secure platform capable of handling the complexities of modern interoperable payment switch.
"We are honored to partner with the Central Bank of Eswatini in this transformative project," said Mohamed Mekouar, Executive Chairman of PayLogic. "The Eswatini Payment Switch is a testament to our commitment to driving digital transformation and financial inclusion across Africa. We look forward to witnessing the positive impact this platform will have on Eswatini's financial sector."
About the Central Bank of Eswatini
The Central Bank of Eswatini is the primary monetary authority in Eswatini, dedicated to maintaining financial stability and fostering economic development. Through initiatives like the Eswatini Payment Switch, the Bank demonstrates its commitment to modernizing the nation's financial infrastructure and promoting financial inclusion.
About PayLogic
PayLogic is a global leader in innovative payment solutions, specializing in secure and efficient financial technologies. With a proven track record of empowering institutions worldwide, PayLogic remains at the forefront of driving digital transformation in the financial sector.
For media inquiries, partnership opportunities, or additional information about PayLogic's innovative payment solutions, please contact:
LinkedIn: https://linkedin.com/company/paylogic
Media Contact
Company Name: PayLogic
Contact Person: T. Kandoussi
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-interoperable-digital-payment-platform-for-eswatini-central-bank-of-eswatini-cbe-goes-live]
Phone: +212 522 47 45 50
Address:CFC Bridge Lot.53 RDC Bloc A Q Casa Anfa Hay
City: Hassani
Country: Morocco
Website: https://pay-logic.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Interoperable Digital Payment Platform for Eswatini Central Bank of Eswatini (CBE) goes live here
News-ID: 3808208 • Views: …
More Releases from ABNewswire
WAKAO App: AI-Powered Social Activity/Event Platform solving the Loneliness Epid …
WAKAO combats loneliness by connecting people through real-world activities. Our AI-powered platform (Dice/Map Modes, Show-Up Scores) makes event discovery and planning effortless and safe. It empowers hosts to monetize passions via the "U-Host" model and Hubs, while businesses gain tools for ticketing, e-commerce, and branded communities. Wakao is the all-in-one ecosystem transforming digital intent into authentic connection and commerce.
WAKAO Technologies LLC today announces the official launch of WAKAO, a revolutionary…
Phinity Therapy Strengthens Counselling Services in Edgbaston, Sparkhill & North …
Phinity Therapy has expanded its counselling services across Edgbaston, Sparkhill, and Northfield to meet growing mental health needs in Birmingham, UK. With more residents searching for "counselling near me", the clinic now offers greater access to qualified counsellors and evidence-based therapy. Phinity Therapy continues to support local communities with compassionate, personalised care and deep knowledge of Birmingham's diverse neighbourhoods.
As Birmingham continues to evolve, so do the emotional and psychological challenges…
JCFLOW Launches New Silicone Beads and Expands Wholesale Market Reach
JCFLOW [https://jcflowbeads.com/], a leading silicone bead factory store with operations in Las Vegas and China, is excited to announce the launch of its newest range of silicone beads, designed to meet the evolving needs of DIY crafters, small businesses, and creative entrepreneurs worldwide. Alongside the product launch, JCFLOW is implementing a strategic market expansion initiative to increase accessibility, offer customization options, and strengthen its position as a global leader in…
Aspen Artist Shelly Hamill Celebrates 25 Years of Transforming Heirloom China In …
Renowned mosaic artist Shelly Hamill marks over 25 years of creating unique sculptures from recycled china, offering collectors a meaningful way to transform family heirlooms into displayable art. Trained as a Master of Mosaic in portraiture at the prestigious Orsoni studio in Venice, Italy, Hamill now expands her offerings with a new print-on-demand service and an innovative Print of the Month Club.
Shelly Hamill has spent more than a quarter century…
More Releases for Eswatini
Food Grade Extra Neutral Alcohol Market Share Driven by Expanding Beverage Produ …
Food Grade Extra Neutral Alcohol Market
The global Food Grade Extra Neutral Alcohol market is projected to grow from US$ million in 2023 to US$ million by 2029, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-0U10025/Global_Food_Grade_Extra_Neutral_Alcohol_Market_Research_Report_2022
The Food Grade Extra Neutral Alcohol (ENA) Market is experiencing significant market growth as demand surges across the beverage, food, and spirits industries. Extra Neutral Alcohol, known for its…
Eswatini Telecom Operators Country Intelligence Market Booming Worldwide |BICS,S …
HTF MI just released the Eswatini Telecom Operators Country Intelligence Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Key Players in This Report Include: MTN Eswatini (Eswatini),…
Introducing True Green Energy: A Paradigm Shift Towards Sustainability and Clima …
PSG Initiative proudly presents True Green Energy, a transformative system that redefines sustainable energy production on a global scale. This innovative approach integrates a multitude of proven technologies and solutions into a unified, closed-loop system designed to address pressing challenges such as climate change, energy security, and environmental sustainability.
Contrary to common misconceptions, the True Green Energy system debunks the belief that fossil fuels are inherently destructive to the environment. Through…
Who is Paylogic, the fintech dominating interoperable national switch market in …
After success in the CEMAC economic zone, PayLogic continues its expansion in Africa. The company has implemented national interoperable payment switches in Eswatini (EPS) and Lesotho (LeSwitch), developed a Treasury payment platform in Madagascar, and recently won a contract for national interoperable payment switch infrastructure in Comoros.
Image: https://www.abnewswire.com/upload/2025/01/c169c4d2679d67fe4406c45cdebbace8.jpg
National payment switches have emerged as critical infrastructure for advancing financial inclusion and digital payments in developing economies. These systems enable seamless interoperability…
Decanter Market Expecting Huge Demand in Upcoming Years
Decanter Market latest research report added by USD Analytics. The Decanter Market Study has been segmented by key a region that is accelerating the marketization. The report is a great blend of qualitative and quantitative market data that was gathered and evaluated mostly through primary data and secondary sources. This also provides the scope of different segments and applications that can potentially influence the marketplace in the future. The detailed…
Megestrol Market Trends, Business Overview, Industry Growth and Forecast to 2028
The global megestrol market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2022-2028). Megestrol is a synthetic Progesterone hormone, used to treat breast and endometrial cancer. It alters female hormones that contribute to cancer growth and aids in weight gain by increasing hunger. Breast cancer is one of the most prevalent type of cancer globally. According to the World Health Organization (WHO), 2.26 million…
