AU, Afreximbank, AfCFTA inaugurate Pan-African payment, settlement systems
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA have inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The commercial launch of PAPSS, which took place in Accra, Ghana, virtually and physically, would ensures…