by MTHULISI SIBANDA
JOHANNESBURG – THE global provider of payment technology solutions, PayLogic, has announced the National Payment Switch has gone live in the Comoros.
This marks a milestone in strengthening the financial infrastructure and promoting digital financial inclusion in the Indian Ocean island country located in East Africa.
The new platform establishes a unified payment system that connects commercial banks, microfinance institutions and mobile money operators across Comoros.
With the system now operational, consumers and businesses nationwide can benefit from real-time, secure, and interoperable digital transactions.
Mohamed Mekouar, Executive Chairman of PayLogic, said the go-live of the National Payment Switch in Comoros reflected the company’s commitment to advancing secure and interoperable payment infrastructure across emerging markets.
“By partnering with central banks and financial institutions, we help deliver systems that drive inclusion, efficiency, and long-term financial innovation,” Mekouar said.
The go-live of the switch is part of the Financial Sector Development Support Project (PADSF), supported by the World Bank.
It represents a cornerstone of Comoros’ strategy to reduce reliance on cash, modernise its financial sector and expand access to digital services, including for the Comorian diaspora.
With this launch, Comoros joins a growing list of countries that have chosen PayLogic as their partner for interoperable national payment switches.
These include Eswatini, Lesotho in Southern Africa and the six Central African states of Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.
– CAJ News
