Rwanda Integrated Payments Processing System
Allowing transfers between acounts of different banks
RIPPS
RIPPS (Rwanda Integrated Payments Processing System) helps CPF INEZA connect with other financial institutions so that customers can transfer money across different banks safely, quickly, and electronically without carrying cash.
For a microfinance institution such as CPF INEZA, RIPPS is used to:
- Send and receive money to/from other banks and MFIs in Rwanda
- Process high-value transfers securely
- Facilitate business and institutional payments
- Improve interbank transaction speed and reliability
- In simple terms
- Instant payments and interoperability
