Africa Launches PAPSSCARD to Boost Financial Sovereignty and Trade

Africa Launches PAPSSCARD to Boost Financial Sovereignty and Trade

Launching the initiative, Professor Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, highlighted the card's transformational impact on intra-African financial transactions.

PAPSSCARD Unveiled: Afreximbank, PAPSS, and Mercury Introduce Africa’s First Unified Card Scheme - Innovation Village | Technology, Product Reviews, Business

In a landmark move to reshape the continent’s financial landscape, the African Export-Import Bank (Afreximbank), the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) have jointly launched PAPSSCARD—the first-ever Pan-African card scheme designed and built entirely on the continent. Unveiled in Abuja, Nigeria, the PAPSSCARD is being hailed as a transformative step toward financial sovereignty, cost-efficient t…

Africa Demands New Global Financial Order Now

Delivering a keynote address at the Fourth International Conference on Financing for Development (FID4) in Seville, the Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, called for sweeping reforms to the global financial system.  Speaking under the theme “Leveraging Private Business & Finance,” he urged that unlocking Africa’s full potential requires overhauling outdated financial structures and embracing inclusive growth …

PAPSS-backed payment card goes live in Abuja

Afreximbank, PAPSS, and Mercury launch PAPSSCARD, Africa’s first Pan-African card scheme to boost intra-continental trade.

Africa launches PAPSSCARD to reclaim financial sovereignty and boost trade – The North Africa Post

Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]