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/
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