Monrovia, Liberia: Liberia Finance & Trust Credit Union is introducing a secured electronic
payment system into the financial sector of the Liberian economy including the use of
“SICACARD” a credit/debit card product for all commercial activities and banking/credit
union products and services, according to a news release just issued by the management.

The new system will be facilitated by the Liberian Finance & Trust Credit Union (LFTCU).
Liberia will be the second country in West Africa, first Ghana to introduce the use of the
card and payment system for payment of goods and services. Consumers holding the SICACARD
will not need to carry cash in Liberia or when traveling outside Liberia to another country
where “SICACARD” services are available.

SICACARD will be able to connect users directly to their checking and savings accounts.
The will be offered to all citizens of Liberia, living in the country and abroad and to help
card members to grow their savings while the card. SICACARD provides multiple advantages
and conveniences to its holders.

Roy Montgomery of the Liberia Finance & Trust Credit says increased competition in
Liberia’s financial services is expected, adding, an advantage to the consumer to have an
option, to choose from. He says this is good news for consumers because they will be exposed
those multiple options.

 

 

 

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