{"id":3518,"date":"2025-09-18T13:20:55","date_gmt":"2025-09-18T11:20:55","guid":{"rendered":"https:\/\/swazidailynews.com\/?p=3518"},"modified":"2025-09-18T13:20:55","modified_gmt":"2025-09-18T11:20:55","slug":"governor-calls-for-cybersecurity-and-currency-expansion","status":"publish","type":"post","link":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/","title":{"rendered":"Governor calls for cybersecurity and currency expansion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Governor of the Central Bank of Eswatini Dr Phil Mnisi has urged regional financial institutions to strengthen their defences against cyber risks while embracing the shift towards a multi-currency payment platform under the Southern African Development Community\u2019s Real-Time Gross Settlement (SADC-RTGS) system.<br \/><br \/>Speaking at the opening of the 2025 SADC RTGS End User Conference, hosted at the Central Bank of Eswatini\u2019s new conference facility in Ezulwini, the Governor told delegates that cybersecurity remains one of the most pressing risks facing modern financial systems.<br \/><br \/>\u201cPayment systems are attractive targets for cybercriminals because of their inherent vulnerabilities and the value of transactions they process,\u201d he said.<br \/><br \/>The two-day conference, which runs from September 17-18 has drawn more than 200 participants from all 15 SADC member states, including central banks, commercial banks, and payment service providers.<br \/><br \/>The event marks the first major regional meeting to be hosted at the new Central Bank of Eswatini Complex, underlining Eswatini\u2019s growing role as a hub for financial sector dialogue.<\/p>\n<figure id=\"attachment_3523\" aria-describedby=\"caption-attachment-3523\" style=\"width: 2048px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-3523\" src=\"https:\/\/genesisekucalenimedia.com\/edn\/wp-content\/uploads\/2025\/09\/PAGE-8-The-Governor-Dr-Phil-Mnisi.jpg\" alt=\"\" width=\"2048\" height=\"1542\" \/><figcaption id=\"caption-attachment-3523\" class=\"wp-caption-text\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 The Governor Dr Phil Mnisi.<\/figcaption><\/figure>\n<p>Delegates are expected to deliberate on the renewal of the SADC RTGS platform, which has been in operation since 2013 and currently processes high-value cross-border payments mainly in South African Rand (ZAR).<br \/><br \/>In his address, the Governor highlighted ongoing technical and policy work to expand the system to accommodate additional currencies, including the US Dollar and selected SADC domestic currencies.<br \/><br \/>\u201cI encourage you to engage actively in these discussions and contribute meaningful insights. Your input will be vital in shaping the operational and policy frameworks needed to onboard more SADC currencies.<\/p>\n<p>This initiative will significantly boost intra-regional trade and reduce reliance on a single settlement currency,\u201d he told participants.<br \/><br \/>Officials noted that the multi-currency upgrade forms part of a broader renewal project, which also includes migration to ISO 20022 messaging standards, liquidity management tools, and new pricing models to enhance efficiency and sustainability.<br \/><br \/>While the promise of multi-currency settlement could deepen financial integration across the region, the Governor warned that these innovations would only succeed if they were matched with robust safeguards against fraud and cybercrime.<br \/><br \/>\u201cCyber resilience is not an option it is a necessity,\u201d he said, calling on all participants to share strategies, build capacity, and coordinate efforts to protect the system.<\/p>\n<p><strong><div class=\"_df_book df-lite\" id=\"3475\"  data-title=\"\" wpoptions=\"true\" thumbtype=\"\" ><\/div><\/strong><br \/><br \/>The SADC RTGS has processed trillions of rand in payments since its launch, and its renewal is seen as central to advancing regional trade and financial stability.<\/p>\n","protected":false},"excerpt":{"rendered":"The Governor of the Central Bank of Eswatini Dr Phil Mnisi has urged regional financial institutions to strengthen&hellip;","protected":false},"author":1,"featured_media":3523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[21,23,24,25,26],"tags":[46,55,73,58],"class_list":["post-3518","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-finance","category-future","category-national","category-swaziland","tag-africa","tag-business","tag-eswatini","tag-national","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Governor calls for cybersecurity and currency expansion - Eswatini Daily News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governor calls for cybersecurity and currency expansion - Eswatini Daily News\" \/>\n<meta property=\"og:description\" content=\"The Governor of the Central Bank of Eswatini Dr Phil Mnisi has urged regional financial institutions to strengthen&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini Daily News\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-18T11:20:55+00:00\" \/>\n<meta name=\"author\" content=\"Eswatini Daily News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eswatini Daily News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/\"},\"author\":{\"name\":\"Eswatini Daily News\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/#\\\/schema\\\/person\\\/a2e7ad908f0e6606cc49214ec19776de\"},\"headline\":\"Governor calls for cybersecurity and currency expansion\",\"datePublished\":\"2025-09-18T11:20:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/\"},\"wordCount\":415,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Africa\",\"Business\",\"Eswatini\",\"National\"],\"articleSection\":[\"Business\",\"Finance\",\"Future\",\"National\",\"Swaziland\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/\",\"url\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/\",\"name\":\"Governor calls for cybersecurity and currency expansion - Eswatini Daily News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2025-09-18T11:20:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/#\\\/schema\\\/person\\\/a2e7ad908f0e6606cc49214ec19776de\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/3518\\\/business\\\/governor-calls-for-cybersecurity-and-currency-expansion\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Governor calls for cybersecurity and currency expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/#website\",\"url\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/\",\"name\":\"Eswatini Daily News\",\"description\":\"EDN\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/#\\\/schema\\\/person\\\/a2e7ad908f0e6606cc49214ec19776de\",\"name\":\"Eswatini Daily News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g\",\"caption\":\"Eswatini Daily News\"},\"sameAs\":[\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\"],\"url\":\"https:\\\/\\\/genesisekucalenimedia.com\\\/edn\\\/author\\\/adekunleo\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Governor calls for cybersecurity and currency expansion - Eswatini Daily News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/","og_locale":"en_US","og_type":"article","og_title":"Governor calls for cybersecurity and currency expansion - Eswatini Daily News","og_description":"The Governor of the Central Bank of Eswatini Dr Phil Mnisi has urged regional financial institutions to strengthen&hellip;","og_url":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/","og_site_name":"Eswatini Daily News","article_published_time":"2025-09-18T11:20:55+00:00","author":"Eswatini Daily News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eswatini Daily News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#article","isPartOf":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/"},"author":{"name":"Eswatini Daily News","@id":"https:\/\/genesisekucalenimedia.com\/edn\/#\/schema\/person\/a2e7ad908f0e6606cc49214ec19776de"},"headline":"Governor calls for cybersecurity and currency expansion","datePublished":"2025-09-18T11:20:55+00:00","mainEntityOfPage":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/"},"wordCount":415,"commentCount":0,"image":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#primaryimage"},"thumbnailUrl":"","keywords":["Africa","Business","Eswatini","National"],"articleSection":["Business","Finance","Future","National","Swaziland"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/","url":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/","name":"Governor calls for cybersecurity and currency expansion - Eswatini Daily News","isPartOf":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#primaryimage"},"image":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#primaryimage"},"thumbnailUrl":"","datePublished":"2025-09-18T11:20:55+00:00","author":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/#\/schema\/person\/a2e7ad908f0e6606cc49214ec19776de"},"breadcrumb":{"@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/genesisekucalenimedia.com\/edn\/3518\/business\/governor-calls-for-cybersecurity-and-currency-expansion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/genesisekucalenimedia.com\/edn\/"},{"@type":"ListItem","position":2,"name":"Governor calls for cybersecurity and currency expansion"}]},{"@type":"WebSite","@id":"https:\/\/genesisekucalenimedia.com\/edn\/#website","url":"https:\/\/genesisekucalenimedia.com\/edn\/","name":"Eswatini Daily News","description":"EDN","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/genesisekucalenimedia.com\/edn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/genesisekucalenimedia.com\/edn\/#\/schema\/person\/a2e7ad908f0e6606cc49214ec19776de","name":"Eswatini Daily News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cd20c640fc2b77fae5560d5aa1f54a994fbb6bda894b89c7624c9793dc7790d7?s=96&d=mm&r=g","caption":"Eswatini Daily News"},"sameAs":["https:\/\/genesisekucalenimedia.com\/edn"],"url":"https:\/\/genesisekucalenimedia.com\/edn\/author\/adekunleo\/"}]}},"_links":{"self":[{"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/posts\/3518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/comments?post=3518"}],"version-history":[{"count":0,"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/posts\/3518\/revisions"}],"wp:attachment":[{"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/media?parent=3518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/categories?post=3518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/genesisekucalenimedia.com\/edn\/wp-json\/wp\/v2\/tags?post=3518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}