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Onafriq Partners PAPSS to Launch Cross-Border Payment Services

Summary by GH Headlines
Onafriq, in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. This launch operationalises the partnership established in 2022, aimed at promoting intra-African cross-border trade and enhancing financial inclusion. The service improves financial interoperability by making transactions faster, more convenient…
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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For the African states, the dollar dependency is a problem in terms of cross-border trade. On the one hand, because of the lack of foreign exchange and extremely high transaction costs, on the other hand, because of the US dollar's armament by Washington. Alternatives are being sought. The PAPSS system is now to provide a remedy. While US President Donald Trump threatens with retaliation for those countries that want to say goodbye to the US dol…

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CAJ News Africa broke the news in South Africa on Monday, June 23, 2025.
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