The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion of informal trade into the formal economy, Tunde Macaulay, head of Africa and offshore regions […]
Source: https://news.bitcoin.com/african-payment-system-gets-bankers-endorsement-but-viability-questions-linger/