Africa Unveils PAPSS For Cross Border Transactions

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African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS), a financial market infrastructure, to enable cross-border payments in local currencies across different markets in the continent. The Bank said the platform will serve as a continent-wide platform for processing, clearing and settling of intra-African trade and commerce payments. According to the […]



Source: Leadership Newspaper