Business

CDA Ends Cheque Payments, Moves All Vendor Transactions Online

The Capital Development Authority (CDA) has introduced a mandatory digital payment system for all transactions involving vendors and suppliers, marking a major step toward a cashless government framework.

Under a directive issued by the Directorate of Accounts–Treasury Division on April 20, 2026, all payments made by the CDA will now be processed exclusively through digital platforms.

The system will utilize Government-to-Person (G2P) and Person-to-Government (P2G) payment mechanisms to replace traditional manual payment methods.

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Officials said the move is aligned with the federal government’s push to promote a cashless economy and modernize public financial management. The transition is expected to improve transparency, reduce processing delays, and minimize errors in financial transactions.

To ensure smooth implementation, all Drawing and Disbursing Officers (DDOs) have been instructed to submit complete banking details of vendors and suppliers.

Required information includes bank names and International Bank Account Numbers (IBANs), which must be provided through the designated D.P. Sheet and verified by relevant officials before submission to the Treasury Division.

The authority has clarified that cheque-based payments have been discontinued with immediate effect.

All future payments will be routed digitally, signaling a significant transformation in CDA’s financial operations.

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