Rapidly Replacing Cash in Sierra Leone


Cash remains the most popular method of payment in Sierra Leone due to its wide acceptance for goods and services.

However, recent trends indicate that while cash dominates the volume of transactions, RCBank debit card payments tend to have higher average transaction values.

This means that although cash may still be king, the RCBank Debit Korpor Card is becoming increasingly influential. Customers can withdraw cash at nearby ATMs, transfer funds, and make purchases at shops or supermarkets using this card.

The RCBank Korpor Debit Card is linked to your Leone account and allows for local transactions within Sierra Leone. It is accepted at all ATMs, online platforms, and POS terminals throughout the country. This shift is promoting greater financial inclusion and simplifying the digitization of payments.

The Korpor Debit Card provides 24-hour access to your current and savings accounts. Many users cite safety concerns surrounding cash as a primary reason for choosing digital payment options, as carrying cash can pose risks.

How to Obtain a Korpor Debit Card from RCBank

All RCBank account holders can visit any of the bank’s branches for instant card issuance.




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Sierra Leone Could Benefit From $25 Billion Gas Pipeline


Sierra Leone is part of a mammoth plan of benefitting from a 25 billion USD gas pipeline that will travel from Nigeria to Morocco with a further extension to Spain.

Architects are saying that the pipeline will stretch a massive 4,350 miles passing through 11 countries along the Atlantic coast from Nigeria. These countries include Benin, Togo, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal and Morocco.

They estimated that the construction work could take years before completion with a capacity of 10 cubic metres each year.

Nigeria, which has the 9th largest proven gas reserve in the world is looking to reach the European markets with ease.

This project, if brought to fruition, could create jobs for the local Sierra Leonean population and experience for engineers in the country as they also intend to start explorations for oil off the Pujehun coast in the next couple of years.




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