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COMESA Launches Digital Payment Platform to Cut Trade Costs

COMESA's new digital payments platform enables instant cross-border transactions in local currencies, benefiting micro, small, and medium enterprises that represent 80% of businesses, officials said.

Summary
The Common Market for Eastern and Southern Africa (COMESA) launched its Digital Retail Payments Platform on Thursday to reduce transaction costs by enabling businesses to settle cross-border deals in local currencies, with user trials beginning between Malawi and Zambia.

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Biometric Update broke the news in Canada on Tuesday, April 29, 2025.
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