Cross-border payments – The Pan-African Payments and Settlement System (PAPSS)
PAPSS – Transforming cross-border payments in Africa In January 2022, the Pan-African Payments and Settlement System (short PAPSS) was formally launched. PAPSS originated from a joint initiative of the African Continental Free Trade Area (AfCFTA) Secretariat, the African Export-Import Bank and the African Union (AU), is headquartered in Cairo, Egypt and is administered by the…