The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), Mr Oliver Alawuba, has described the Pan-African Payment and Settlement System (PAPSS) as Africa’s strategic response …
PAPSS
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AfricaBankingEconomyFintechInnovationTrade and Commerce
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AfricaBanking, Finance & InvestmentFinance & ServicesFintechTechnologyTrade and Commerce
UBA’s AI Chatbot LEO Now Facilitates Cross-Border Payments in Africa
United Bank for Africa (UBA) Plc, one of the continent’s biggest financial institutions, has announced that its Artificial Intelligence (AI) chatbot, LEO, is now capable of performing cross-border payment transactions. …
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Digital EconomyEconomyFinance & ServicesInfrastructureINVESTMENTTrade and Commerce
AfCFTA Targets $712 Billion Digital Trade Market
Africa is preparing to enter a new phase of digital transformation through the African Continental Free Trade Area (AfCFTA), aiming to access a digital trade market worth $712 billion by …
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DevelopmentEconomyEducationGOVERNMENTInnovation
Africa’s Greatest Wealth Is Its People, Not Its Resources – Experts Urge Focus on Human Capital
Africa is one of the richest continents in the world in terms of natural resources, yet it remains one of the poorest when it comes to human development. According to …
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DevelopmentEconomyEntrepreneurshipInfrastructureInnovationINVESTMENTPoliciesTechnologyTrade and Commerce
Africa Rallies Around Digital Trade at Inaugural AfCFTA Digital Trade Forum in Lusaka
The Inaugural AfCFTA Digital Trade Forum, held from May 8–10, 2025, in Lusaka, Zambia, has set the stage for the continent’s operational phase of a unified digital single market, with …
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Banking, Finance & InvestmentBusinessFinance & ServicesMarkets
Africa Advances Toward Financial Integration with New Currency Exchange Marketplace
Africa is making significant strides toward financial integration with the introduction of the Africa Currency Marketplace by the Pan-African Payment and Settlement System (PAPSS). This innovative platform aims to facilitate …
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AfreximBank, a Pan-african multilateral trade finance institution, has hinted of plans to boost infrastructure development in the continent of Africa with $3 billion, according to report by The Nation. This …