RIPPS

RIPPS (Rwanda Integrated Payment Processing System) is a national electronic payment system managed by the National Bank of Rwanda (BNR). It connects banks and financial institutions to enable fast, secure, and efficient money transfers within Rwanda.

Benefits of Using RIPPS for Your Customers (CPF INEZA)

1️⃣Fast Transfers
Customers can send money from CPF INEZA to anotherbank quickly through RIPPS (often the same day or instantly for urgent
payments).

2️⃣High Security

RIPPS is regulated by the National Bank ofRwanda, which makes transactions safe and reliable.

3️⃣Large Amount Transfers

Customers can transfer large amounts of moneysecurely without carrying cash.

4️⃣Reduced Risk

No need to move with physical cash, whichreduces the risk of theft or loss.

5️⃣Convenience

Customers can transfer money directly from theiraccount to another bank account without visiting multiple banks.

6️⃣Transparency

Transactions are recorded electronically, makingit easy to track and verify payments