Bank Al-Maghrib joins PAPSS, making Morocco 17th member

Barbara Bako, Abuja. Morocco has formally joined the Pan-African Payment and Settlement System (PAPSS), becoming the 17th country to adopt the African cross-border payment infrastructure… According to a statement from…

CBN direct Banks to adopt PAPSS for transactions

The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new…