The Bank of Cape Verde published a Payments System Report describing progress in 2024 on projects aimed at improving efficiency, innovation, security and inclusion in the payments market. Key developments include the definition of a national strategy to implement an Immediate and Inclusive Transfer System (STII) and a package of legal reforms intended to modernise the payments market. The report frames the STII as an important tool for financial inclusion and also provides statistical data tracking the payments system’s evolution over time.
Bank of Cape Verde 2025-09-24
Bank of Cape Verde reports progress on Immediate and Inclusive Transfer System strategy and payments legal reforms
The Bank of Cape Verde released a Payments System Report detailing 2024 advancements in efficiency, innovation, security, and inclusion within the payments market. Key initiatives include a national strategy for an Immediate and Inclusive Transfer System (STII) and legal reforms to modernize the market. The report highlights STII's role in financial inclusion and includes statistical data on the payments system's evolution.