Fintech & digital payments rules in Liberia (2026)

The Payment Systems Act (2014) vests the CBL with explicit authority to oversee, designate, and regulate all payment systems, and empowers it to issue binding regulations and licensing rules for payment service providers.

The CBL has issued Regulations Concerning Licensing and Operations of Electronic Payment (E-Payment) Services, requiring all payment processors and fintech operators to obtain CBL authorisation before conducting business in Liberia.

Dedicated CBL Mobile Money Regulations govern the two licensed mobile money operators—Lone Star Cell MTN and Orange Liberia. In August 2025, the CBL standardised the cash-out fee at 2% across all mobile money operators to promote digital transactions.

Launched in December 2025, the IIPS is a real-time interoperable instant-payments platform built on Mojaloop, connecting MTN and Orange for cross-operator transfers and enabling Government-to-Person (G2P) salary disbursements. It is designed to integrate with the existing RTGS, ACHEFT, and PAPSS rails.

No formal open banking mandate or BNPL-specific rules have been enacted as of mid-2026. BNPL products are nascent in the market; the CBL's 2025–2029 Strategic Plan signals further digital financial services expansion but has not yet designated dedicated frameworks for either area.

The CBL's five-year plan identifies digital financial services as a core strategic pillar alongside price stability and financial inclusion, targeting broader licensing frameworks and infrastructure modernisation. Mobile money account ownership reached 52% of the adult population in 2024.