CAIRO, Egypt, October 26, 2023/ — The Pan-African Payment and Settlement System (PAPSS), a groundbreaking initiative developed by the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) to revolutionize cross-border payments and boost intra-African trade, celebrates a significant milestone as it receives a historic endorsement from the Governors of the Central Banks in the Caribbean region. All eleven Central Banks have unanimously adopted PAPSS as the preferred system for processing the settlement of intra-regional trade transactions. The Governors have indicated their recognition of Afreximbank’s experience and skill in using PAPSS to streamline cross-borders…
Read More →The Caribbean Community (CARICOM) Central Banks adopt Pan-African Payment and Settlement System (PAPSS) for intra-regional trade transactions
