RSwitch, the national e-payment switch, has redefined convenience and accessibility in Rwanda’s digital payments through eKash, the Rwanda National Digital Payment System (RNDPS). eKash aims to facilitate seamless money transfers between financial institutions and Mobile Money Operators. For many years, there hasn't been any linkage or connection between MTN Mobile money and Airtel money for consumers to digitally send money between the two operators, and this has been made possible through eKash since May 2022 customers are able to send digital money from MTN mobile to Airtel seamless and conveniently, interoperability made possible. ALSO READ: Equity Bank Rwanda, RSwitch launch eKash to promote financial inclusion, cashless economy “A process that was not only costly due to multiple withdrawal and transfer fees but also cumbersome, especially for those in remote areas. Similar issues were evident in bank transfers, where delays were common, affecting individuals and businesses alike,” highlighted eKash. EKash’s efficiency lies in its integration with RSwitch and the extensive network of partnerships involving all major commercial banks, financial institutions, and mobile money operators in Rwanda which will enable instant, secure transfers between various banking platforms and mobile wallets. The service which can be accessed through various financial channels including mobile apps, USSD codes, or Internet banking, ensures that money moves in seconds, simplifying users’ financial transactions and providing peace of mind. ALSO READ: RSwitch appoints new board, increases financial services capacity “To drive financial inclusion and ensure access for everyone, we have streamlined the journey to accessing eKash,” said Blaise Pascal Gasabira, CEO of RSwitch. Customers can instantly send money across providers through an interoperable platform by dialing 182*1*2#, or using bank-specific USSD codes, mobile apps, or internet banking, no complex steps or sign-ups are required. This seamless service works regardless of where your account or wallet is held, and is accessible across all platforms, including the internet. This revamped experience is evident across all platforms, showcasing a refreshed look that reinforces the platform’s commitment to ease of use and accessibility. This was the result of collaborative efforts by Access to Finance Rwanda, the Ministry of Finance and Economic Planning, the Ministry of ICT and Innovation, the Rwanda Information Society Authority, and the National Bank of Rwanda. RSwitch is also set to introduce a new phase for eKash called Person-to-Business (P2B) payments, designed to facilitate smoother interactions between consumers and businesses, simplifying everyday payments and boosting business efficiency.
