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African Payment System Gets Banker’s Endorsement, but Viability Questions Linger

The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Paym...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion of informal trade into the formal economy, Tunde Macaulay, head of Africa and offshore regions […]

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