Liberia: CBL Caps Fees On Interoperable Mobile Money Transfers Under New Instant Payments System

— The Central Bank of Liberia (CBL) has approved a unified fee structure governing interoperable mobile money transfers between Lonestar Cell MTN Mobile Money Inc. and Orange Money Liberia under the country’s newly launched Inclusive Instant Payments System (IIPS), a move aimed at lowering costs and expanding access to digital financial services.

The fee framework follows the Dec. 16 launch of IIPS in Monrovia and applies specifically to person-to-person (P2P) transfers conducted across mobile…