ACCRA (CU)_The Pan-African Payments and Settlement System (PAPSS) is a centralised payment and settlement infrastructure focused on intra-African trade and commerce payments. The project is an initiative of the African Export–Import Bank (Afreximbank) which will facilitate payments and formalised certain trade transactions which go unrecorded due to prevalence of informal cross-border trade in Africa.
Participating the commercial launch of the System from Accra, the Chief Executive of PAPSS, Michael Ogbalu, said…
