The Central Bank of the Kingdom of Eswatini says it is working to strike a balance between innovation in digital payments and ensuring consumer protection and data security. The bank also emphasised its commitment to supporting small and medium enterprises, as well as the informal sector, to help regulate and make the digital economy more affordable.

These remarks were made during the official launch of the fourth edition of the SIIPS (The State of Inclusive Instant Payment Systems in Africa) Report, hosted by the AfricaNenda Foundation in partnership with the Central Bank of Eswatini, the World Bank, and the United Nations Economic Commission for Africa (UNECA).

Channel Africa's Reporter, Innocent Semosa, has more.