New system sets Q1 ‘27 China payments target

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THE Pan-African Payment and Settlement System (PA­PSS), developed by the Afri­can Export-Import Bank (Afrexim­bank) and launched in September 2021, is expected to be fully oper­ational before the end of the first quarter of 2027, an official has said. The system, which will also be connected to China’s payment sys­tem, is meant to facilitate cross-bor­der payments…