CBN directs banks to adopt PAPSS for transaction processing
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and ...
Tag: PAPSS
Afreximbank, PAPSS partner with CARICOM Central Banks for cross-border payment
The African Export-Import Bank (Afreximbank) and the Pan-African Payment and Settlement System (PAPSS) have formed a strategic partnership with the ...
Afreximbank’s PAPSS incorporates 11 African Central Banks into Continental Payment System
The Africa Export-Import Bank has included 11 African central banks in its PAPSS, with plans for the rest to join ...
Experts downplay impact of PAPSS, RT-200 on Nigerian businesses, economy
Economists say the PAPSS and RT-200 are yet to have any tangible impact on Nigerian businesses and the economy at ...
Stanbic IBTC Supports Digital Trade Payment Solution with First Outbound PAPSS Transaction
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, completed the first outbound and inbound transaction on the Pan-African ...
PAPSS collaborates with Buna to build payment gateway between Africa and the Arab region
PAPSS will work with Buna, the payment system in the Arab region, to establish a financial gateway between Africa and ...
How Africa can protect itself from the effects of western sanctions on Russia
The sanctions on Russia should be a wake-up call for African leaders that reliance on western capacity for trade can ...
With PAPSS, Nigerians will no longer need dollars for intra-African trade – Akinwuntan
Consumers don’t need to look for an international bank, as PAPSS will work in Africa, the same way NIBSS works ...
AfCFTA: How feasible is Nigeria’s plan to become Africa’s manufacturing hub?
The African Continental Free Trade Area got a major boost last week, as the much anticipated Pan-African Payments and Settlement ...
Understanding the hype around PAPSS and how it works
The dream of an integrated market in Africa seems to be coming to reality with the recent introduction of the ...
