The Bank of Sierra Leone (BSL) has introduced a new payment system aimed at reducing the current clearing cycle for cheques and increasing.
The new modernized payment system is an automated platform that relies on an interconnected virtual network hosting the country’s financial institutions.

Explaining the new system to high value customers of Commercial Banks yesterday, Alfred Samah, the Assistant Director Banking Department and Head of Payment Systems and Control Division at the Bank of Sierra Leone, said that the new system is part of the  payment and development project funded by the African Development Bank (ADB).