It has plans to modernise the undercapitalised banking system, which currently has no facilities forelectronic payments and only a rudimentary process for cheque-clearing.
Craft Silicon provides bespoke, cutting-edge software in core banking, microfinance, mobile, switch solutions and electronic payments for customers on four continents.
There are only three non-bank E-money institutions authorized under the Financial Services (Banking) Act for issuing means of payment in the form of electronic money.