Rwanda central bank spearheading cashless movement

Central bank reports e-payments have increased to 34.6% of GDP

Rwandan central bank governor
John Rwangombwa

The National Bank of Rwanda is pressing ahead with plans to transform the country into a cashless economy.

“A decade ago the idea of transitioning Rwanda to a cashless economy would have been unthinkable,” governor John Rwangombwa said at a conference today (October 30).

“But with the technology revolution and a world where the internet has taken over, the turning point to a digital-led and enabled economy is now.”

While many central banks around the world fight to ensure cash is still

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