The African Export-Import Bank (Afreximbank) and the Secretariat of the African Continental Free Trade Area recently announced the rollout of the Pan African Payment and Settlement System (PAPSS). It is aimed at enabling African countries to make instant cross-border payments in local currencies.
For more information, please see https://www.ecofinagency.com/public-management/2809-43022-afreximbank-afcfta-kick-off-pan-african-payment-and-settlement-system
