CBL Unveils Instant Cross-Network Money Transfers, Effective December 16

The Central Bank of Liberia (CBL) has announced a major upgrade to the country’s financial system, confirming that beginning December 16, customers will be able to send and receive money instantly across all financial service platforms, including mobile money networks and commercial banks.

The announcement, made in Monrovia, outlines that users of Orange Money, Lonestar Cell MTN Mobile Money, commercial banks, and other digital payment providers will now be able to complete cross-platform transfers in real time.

According to the CBL, the service is enabled through the Instant Inclusive Payment System (IIPS)—a new national digital payment infrastructure managed and regulated by the Bank.

The CBL clarified that the IIPS is neither a bank nor a mobile money operator; instead, it functions as a central hub linking existing financial institutions and allowing their systems to communicate seamlessly.

The Bank explained that the platform is designed to boost financial inclusion by simplifying digital payments for the general public, including residents in rural communities who rely heavily on mobile money agents and USSD channels.

The system supports multiple access points, such as USSD codes, mobile applications, and authorized agents.

Beyond consumer convenience, the CBL emphasized that the IIPS strengthens government payment processes, enabling faster and more transparent transactions from ministries and agencies directly to citizens, service providers, and workers.

The Bank further assured the public that all transactions processed through the new system will meet strict regulatory and security standards, ensuring that customer funds remain protected. While transaction fees may vary depending on the service provider, the CBL said all charges must comply with its regulatory guidelines and be clearly communicated to users.

The rollout of the IIPS, the CBL noted, represents a significant step toward modernizing Liberia’s national payment ecosystem, making daily financial transactions more efficient, secure, and accessible across the country.