Central Bank Reports

In this new periodic series, we will cover in brief the news and information in various countries’ central bank annual reports as they relate to cash and payments, starting off with Ireland, Rwanda and Bhutan.

Cash & Payments in Rwanda

During the financial year 2022/23, the National Bank of Rwanda (NBR) continued working on initiatives supporting a cashless policy, including the upgrade of the Rwanda Integrated Payments Processing System (RIPPS) and the implementation of the instant payments system (eKash). In addition, the Bank has conducted a feasibility study on CBDC.

Mobile money transfers remained the primary form of digital payment, comprising 52% of the total volume and 45% of the total value. Mobile banking transfers followed, accounting for 29% of the volume and 31% of the value.