PAN AFRICAN PAYMENT SYSTEM TO TRANSFORM BANKING IN AFRICA
- O&A Team
- January 20, 2022
- Business
- AfCFTA, Afreximbank, African Union, highlight, Intra African trade, Pan African Payments and Settlements System, PAPSS
- 0 Comments
WORDS: LESLEY VAN DUFFELEN A significant increase in intra-African trade as well as savings of up to US$5 billion dollars annually (the cost of currency convertibility) is en route in Africa after the commercial launch of the Pan African Payments and Settlements System (PAPSS). PAPSS makes it possible to pay for goods and services across the continent in any one …
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