Pan-African payment system is bearing fruit – experts
African and Caribbean leaders pose with their commemorative PAPSSCARD after it was launched at the Afreximbank Annual Meetings in Abuja on June 27, 2025. The PAPSSCARD is the continent’s first Pan-African card scheme.
The Pan-African Payments Settlement System (Papss), which uses blockchain to eliminate the burden of currency incompatibility, has reduced cross-border payment delays.
The 16 African countries that have so far signed up, have praised the elimination of the US dollar as a third currency.
