PAPSS - Introduced to Aid Intra-Africa Trade And Payment

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BigChild
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PAPSS stands for Pan-Arican Payment and Settlement System. Its similar in function to NIBBSS. While NIBSS is for inter-bank settlement, PAPSS is inte-country in Africa only!
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Before now, sending money from Nigeria in Naira to Ghana in Cedis required internaytional intermediary banks. And before now, this arrangment has costed the continent of over 41 nations billions of dollars. And worst of it, they are not instant payments! But those days are gon…

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