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South Sudan To Launch First Mobile Money Service

South Sudan’s National Communication Authority has awarded Trinity Technology, a local South Sudanese technological Company an operational license to launch her first Mobile Money Transfer system.

It is the first time since the country got her independence in 2011 that a local company is granted to open the mobile money service that will cover the whole country and the East African Bloc.

The license was granted under chapter five of the National Communication Act 2012, which mandates the NCA to license and regulate information and communication services in the country.

Dr. Ladu Kenyi the Director General of National Communication Authority said that the Mobile Money once officially launched, it would fasten money transfers to South Sudanese relatives in the neighboring countries.

The Platform is already mandated to provide cross border Electronic Financial services to our communities residing, working or studying in those partner states, ”Kenyi said .

He said the Electronic Money services will add value to the financial services ecosystem of the country and transform South Sudan into a modern cashless society.

“The services will positively transform the financial payment landscape of our country thereby bringing more prosperity to our young country and its people.”

Meanwhile the Director of Trinity Technology Limited Richard T. Raja said the Electronic/Mobile Money Transfer System will be conversional project for the youth to ensure employment opportunities are provided.

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“We want this project to be an inspiration for the young people in our country to emulate them to be entrepreneurs.”

South Sudan is a Partner State in the Northern Corridor Integration Project and East African Community.

Mobile money is an electronic wallet service. This is available in many countries and allows users to store, send, and receive money using their mobile phone.

The safe and easy electronic payments make Mobile money a popular alternative to bank accounts. It can be used on both smart phones and basic feature phones.

Mobile money stores funds in a secure electronic account linked to a mobile phone number.

 

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