São Tomé and Principe - Payments System Infrastructure and Financial Inclusion Project

The project will entail procuring the various elements (hardware, software, training, disaster recovery center) for upgrading Dobra 24, and ensuring that it meets the relevant international standards with regard to safety and efficiency. The upgraded system should meet the preconditions to be certified by international card schemes, such as Visa and Mastercard. Throughout the process, there should be a constant focus on the adequate management of risks, in particular general busi ness risk, financial risks and operational risks (including ensuring business continuity). The planned improvements should include the possibility to process mobile payments, hence contributing to financial inclusion.