Guinea Rolls Out NimbaPay as Digital Payments Strategy Gains Momentum

Guinea's Central Bank launched NimbaPay, a national instant payment system connecting banks, mobile money, and microfinance institutions in real-time, built in 127 days and modelled on Brazil's Pix and India's UPI. The platform addresses fragmentation in Guinea's financial ecosystem as the country's financial account access has grown from 4% in 2011 to 36% in 2024.

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