The Vice President Dr. Mahamudu Bawumia joined other political, financial and Fintech leaders from across the African continent in Accra for the commercial launch of the Pan-African Payment and Settlement System (PAPSS) on Thursday, January 13, 2022.
PAPSS is a cross-border, financial market infrastructure instantly connecting payment transactions across Africa, eliminating the need to route such payments through third party banks usually located outside the continent.
It is an African Solution to an African problem and it is the most practical and an important attainment in payment systems integration on the continent.
The Vice President said Africans should be very proud of this feat which demonstrates how the application of digital technology can solve many problems Africans are facing individually and collectively.
Source: richnews
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