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Rwanda Introduces eKash to Accelerate a Cashless Economy
Rwanda introduces eKash to accelerate a cashless economy, and it’s a big step forward for the country’s digital future. Recently, Rwanda launched eKash, a nationwide digital payment system designed to bring together the entire financial ecosystem into one smooth and connected network. This move aims to speed up the country’s shift away from cash and toward more digital forms of payment.
Before eKash came along, Rwanda had several separate payment systems that didn’t always work well together. But now, with eKash, those fragmented systems are replaced by a single, unified platform that links banks, mobile money services, savings and credit cooperatives, and microfinance institutions. This creates a seamless experience for people and businesses across Rwanda.
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The development of eKash was a team effort involving the Government of Rwanda, the National Bank of Rwanda, RSwitch, The Rwanda Information Society Authority (RISA), Access to Finance Rwanda, AfricaNenda, the Gates Foundation, and the Mojaloop Foundation community. Thanks to this strong partnership, eKash connects a wide range of financial players into one interoperable system.
RISA described eKash as a national digital public good that makes online transactions faster, safer, and more affordable for everyone. They also took a moment to thank all the key partners whose collaboration was crucial for launching the system. This collaboration brought together technology, policies, and infrastructure to build a payment system that boosts inclusive economic growth in Rwanda.
Paula Ingabire, Rwanda’s Minister of ICT and Innovation, highlighted how important eKash is for achieving the country’s Vision 2050 goals. She proudly shared that Rwanda already enjoys a 96 percent financial inclusion rate, meaning almost everyone has access to financial services. The rollout of eKash further strengthens this progress.
Currently, eKash connects with Rwanda’s major financial service providers like Ecobank, Zigama CSS, I&M Bank, AB Bank, Bank of Africa, COPEDU PLC, Access Bank Rwanda, MTN MoMo, Airtel Money, and various SACCOs. The plan is to bring even more institutions on board soon.
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Minister Ingabire encouraged all financial institutions to speed up their full integration with eKash and promote its use widely. The goal is to make sure everyone can benefit from the ease and security of this new digital payment system as Rwanda embraces a cashless economy.
Rwanda introduces eKash to accelerate a cashless economy with a fresh, inclusive approach that promises to transform how people and businesses make payments. It’s a smart move that sets the stage for a stronger, digital financial future across the country.
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