CBK Backs African Payment Network as PAPSS Expands Across the Continent

Kenya has joined a broader African effort to make cross-border payments cheaper and faster through the Pan-African Payment and Settlement System (PAPSS), a platform that allows businesses to settle transactions in local currencies rather than routing payments through banks outside the continent. The initiative, backed by the Central Bank of Kenya (CBK), aims to remove … The post CBK Backs African Payment Network as PAPSS Expands Across the Continent appeared first on TechTrendsKE .

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