Sierra Leone’s financial sector is undergoing significant transformation, driven by digital finance and mobile money expansion. The Bank of Sierra Leone (BSL) oversees the financial system, which is characterized by a mix of traditional banks, microfinance institutions, and mobile money operators. Recent initiatives include efforts to enhance financial inclusion and expand digital financial services. Mobile money has been a game-changer, with platforms like Orange Money and Africell Money leading the charge in providing access to financial services for unbanked populations.

Open banking is still in its infancy in Sierra Leone, with no formal regulatory framework or large-scale implementation of API-driven financial services. However, there is growing interest in leveraging digital technologies to foster innovation and improve financial inclusivity.