PayLogic Interoperable National Payment Switch Goes live

LeSwitch Transforms Lesotho Payments

Morocco, 11th Jan 2025 – PayLogic has successfully launched the National Payment Switch, known as LeSwitch. This innovative platform will revolutionize Lesotho’s financial landscape by enabling seamless, secure, and efficient transactions across multiple payment channels.

LeSwitch acts as a centralized hub that integrates several payment systems, including Point of Sale (POS) terminals, Automated Teller Machines (ATMs), mobile money platforms, and e-commerce portals. By consolidating these channels, it facilitates real-time electronic payments. Consequently, funds are promptly available to recipients, improving the overall efficiency of the country’s payment ecosystem.

The implementation of LeSwitch marks a significant milestone in Lesotho’s journey toward financial inclusion and digital transformation. By promoting interoperability among banks, mobile network operators, and other financial service providers, the platform ensures that all citizens, regardless of location, can conveniently access financial services.

PayLogic Powers Lesotho Payments

PayLogic, a leading payment technology solutions company, played a key role in developing and implementing LeSwitch. Its PayWay platform, known for its advanced capabilities, serves as the backbone of Lesotho’s national payment infrastructure. The platform provides a wide range of features, including transaction processing, fraud management, participant management, and seamless interfaces with banks, mobile operators, aggregators, and Visa.

“We are honored to partner with the Central Bank of Lesotho on this transformative project,” said Mohamed Mekouar, Executive Chairman at PayLogic. “Our PayWay platform will empower Lesotho’s financial sector with advanced payment capabilities. It will also drive economic growth and financial inclusion. We look forward to supporting the Central Bank in building a modern, secure, and efficient payment infrastructure for all stakeholders.”

The Central Bank of Lesotho remains committed to modernizing the country’s payment systems and fostering a strong environment for sustainable economic growth. Therefore, the launch of LeSwitch is a major step toward a more inclusive and efficient financial ecosystem in Lesotho.

About the Central Bank of Lesotho

The Central Bank of Lesotho is the main monetary authority in the country. It ensures monetary and financial stability to support balanced macroeconomic development. Additionally, the Bank fosters a resilient financial ecosystem that promotes sustainable economic growth.

About PayLogic

PayLogic is a leading payment technology solutions company. It specializes in delivering innovative and secure payment solutions to financial institutions and organizations worldwide. By focusing on interoperability, efficiency, and customer experience, PayLogic helps clients enhance their payment systems and drive digital transformation.

T. Kandoussi

Public Relations Officer

• Email: kandoussi@pay-logic.com
• Phone: +1 980-300-9809

PayLogic Headquarters

CFC Bridge Lot.53 RDC Bloc A

Q Casa Anfa Hay Hassani

Casablanca, Morocco

• Phone: +212 522 47 45 50
• Website: pay-logic.com
• LinkedIn: linkedin.com/company/paylogic

Media Contact

Organization: PayLogic

Contact Person: T. Kandoussi

Website: http://www.pay-logic.com/

Email: Send Email

Country: Morocco

Release Id: 11012522510