Sudan’s financial sector is under the supervision of the Central Bank of Sudan (CBoS), which manages monetary policy and oversees financial institutions. Despite being home to several financial institutions, including conventional and Islamic banks, the sector remains underdeveloped. Years of economic sanctions, political upheaval, and recent conflicts have significantly impacted the country’s financial landscape, resulting in limited access to modern banking services.

The banking sector is dominated by traditional operations and a strong reliance on cash transactions. Mobile money services have seen growing adoption, and international organizations, such as the World Bank, have partnered with Sudan to enhance financial systems, but the infrastructure for a fully digital financial ecosystem remains limited.