The Bank of the Republic of Burundi published an overview of the East African Community's Cross-Border Payment System Master Plan, adopted in May 2025, which sets a five-year strategy to modernise and harmonise regional payment systems and make cross-border transactions faster, more affordable and more secure. The plan is framed as a response to high cross-border transaction costs and regulatory fragmentation, with the aim of supporting deeper regional economic and financial integration and broader financial inclusion. The approach is structured around four priorities: harmonising policy and regulatory frameworks; developing and upgrading payment infrastructure, including through the East African Payment System; deepening regional financial markets; and strengthening institutional and technical capacity. Stated objectives include reducing settlement times and costs while maintaining security, expanding equitable access for individuals, businesses and financial institutions, and supporting digital trade through modern payment solutions.
Bank of the Republic of Burundi 2025-09-24
Bank of the Republic of Burundi sets out East African Community five-year master plan to modernise cross-border payments
The Bank of the Republic of Burundi released the East African Community's Cross-Border Payment System Master Plan, outlining a five-year strategy to modernize and harmonize regional payment systems. It addresses high transaction costs and regulatory fragmentation, aiming to enhance regional economic integration and financial inclusion. Key priorities include harmonizing regulatory frameworks, upgrading payment infrastructure, deepening financial markets, and strengthening institutional capacity.