CBZ links new trade venture to system

CBZ Bank has gone live on the Pan-African Payment and Settle­ment System (PAPSS), providing a payment channel that could support cross-border transac­tions under the newly established ATDC Zimbabwe trade venture.

Almot Maqolo CBZ Bank has gone live on the Pan-African Payment and Settle­ment System (PAPSS), providing a payment channel that could support cross-border transac­tions under the newly established ATDC Zimbabwe trade venture. ATDC Zimbabwe is a joint venture between CBZ Holdings and ATDC Dubai, a subsidiary of the African Export-Import Bank (Afreximbank). PAPSS chief executive,…

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