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The Central Bank of Eswatini issued this strategy document to modernize the national payment system by 2025 through seven strategic imperatives spanning digitalization, regulatory frameworks, cross-border coordination, and payment innovation. The framework mandates the expansion of mobile money and real-time payment infrastructure, the phasing out of cheques, and the establishment of a comprehensive risk-based regulatory regime for domestic and cross-border transactions. It further requires enhanced stakeholder collaboration, the development of a formal innovation sandbox, and targeted policy actions to ensure financial inclusion, interoperability, and systemic stability across Eswatini’s evolving digital economy.
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