Partnership to improve cross-border payment of stock exchanges in Africa
Benefits expected for trade flows and economic growth
16 May 2023 - 05:00
A pan-African cross-border payment system to facilitate continental trade and the African Securities Exchange Association (ASEA) have signed a memorandum of understanding to improve cross-border payment of stock exchanges in Africa.
The agreement between the Pan-African Payment and Settlement System (PAPSS), which enables payment transactions in local currencies, and the 26-member ASEA could potentially bring radical changes to cross-border payments in Africa...
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