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3232New Payment System Seeking to Bolster Intra-African Trade Goes Live
https://www.digit.info/new-payment-system-seeking-to-bolster-intra-african-trade-goes-live/
Sat, 22 Jan 2022 18:00:34 +0000https://www.digit.info/2022/01/22/new-payment-system-seeking-to-bolster-intra-african-trade-goes-live/Read more]]>A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in […]
]]>Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
https://www.digit.info/ghana-vice-president-praises-central-banks-cbdc-initiative-says-digital-currencies-can-boost-intra-african-trade/
Fri, 30 Jul 2021 06:30:16 +0000https://www.digit.info/2021/07/30/ghana-vice-president-praises-central-banks-cbdc-initiative-says-digital-currencies-can-boost-intra-african-trade/Read more]]>The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these […]
]]>Africa Will ‘One Day Have a Common Currency’ Says Secretary General of African Continental Free Trade Area
https://www.digit.info/africa-will-one-day-have-a-common-currency-says-secretary-general-of-african-continental-free-trade-area/
Tue, 13 Jul 2021 09:30:50 +0000https://www.digit.info/2021/07/13/africa-will-one-day-have-a-common-currency-says-secretary-general-of-african-continental-free-trade-area/Read more]]>The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS).” He adds that such a currency will help “ease constraints of settling intra-African trade in foreign-denominated currency.” Challenges Ahead In comments recently carried by […]
A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in […]
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these […]
The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS).” He adds that such a currency will help “ease constraints of settling intra-African trade in foreign-denominated currency.” Challenges Ahead In comments recently carried by […]