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BEAC joins PAPSS, linking Central Africa to instant payments
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BEAC joins PAPSS, linking Central Africa to instant payments
Central Africa has plugged into the continent’s instant-payment rails. The Bank of Central African States (BEAC) has officially joined the Pan-African Payment and Settlement System (PAPSS), extending the network to the six countries of the Central African Economic and Monetary Community (CEMAC). PAPSS, developed by Afreximbank in partnership with the African Union and the AfCFTA Secretariat, allows money to move between African markets in second…
·Cameroon
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