Africa: Africa launches PAPSSCARD.

In our newsletter last week, we highlighted the new feat by PAPSS – the launch of the African Currency Marketplace. This week, the Pan African Payment & Settlement System (PAPPS) took Africa to an even new height with the launch of the continent’s first Pan‑African card scheme PAPSSCARD in partnership with Afrexim and Mercury Payment Services (MPS) for fast, secure, intra-Africa retail payments, reducing fees and keeping financial data local. African central banks and payment systems are set to spearhead the continent-wide adoption and rollout of the new PAPSSCARD. This initiative will significantly advance Afreximbank’s strategy to promote financial inclusion and boost intra-African trade under the African Continental Free Trade Area (AfCFTA), fostering a more integrated and self-sustaining African economy. Read further here.

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BlackBusinessBridge
BlackBusinessBridge
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